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12 • expenditures with respect to the Chandler District contained in the Minnesota Tax Increment Financing Act (Minnesota Statutes, Section 469.174 to 469.179). This 2002 Amendment to the Master Modification does not include the Additional Property in any of the Districts. This 2002 Amendment to the Master Modification is approved by the Commissioners of the HRA and the City pursuant to Minnesota Statutes, Chapter 469.029, subdivision 6, and Minnesota Statutes, Section 469.175, subdivision 4. II. STATEMENT OF NEED AND OBJECTIVES The inclusion of the Additional Property in the Redevelopment Plans will aid in the redevelopment of the Additional Property in a manner beneficial to the residents of the City and consistent with the objectives of the HRA as stated in Redevelopment Plans and which will meet the needs specified in Redevelopment Plans. III. ADDITIONAL EXPENDITURE OF TAX INCREMENT Additional expenditures of tax increment from the Chandler District authorized by this 2002 Amendment to the Master Modification of the Redevelopment Plans and Tax Increment Financing Plan for Chandler Place Tax Increment Financing District (Ramsey County No. 58) include costs associated with acquisition and rehabilitation and other public redevelopment costs associated with redevelopment activities related to the areas subject to the Redevelopment Plans. At this time the HRA has identified the following additional properties which may be acquired by the HRA, if the HRA hereafter determines that such acquisition is • economical and desirable in connection with the redevelopment of such property: Propert y Address Hardee's Restaurant 4004 Silver Lake Road Exhaust Pro 4000 Silver Lake Road Dick's Phillips 66 Gas Station 2700 Kenzee Terrace In addition, in connection with any redevelopment of the property the HRA may become a limited partner in the owner of the property if it deems it desirable. • 2