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Subsection 2-5. Description of Property in the District and Property To Be Acquired The District encompasses all property and adjacent rights-of-way identified by the parcels listed below. See the map in Appendix B for further information on the location of the District. 313023340016 313023330002 313023340019 313023340018 313023310028 313023330001 313023330005 313023330012 313023330011 313023330014 313023340017 313023310033 313023330013 313023340014 Parcel Numbers 313023340015 313023330003 313023330004 313023330018 313023330006 313023330010 313023320014 313023320012 313023310022 313023310023 The HRA or City may acquire any parcel within the Development District including interior and adjacent street rights of way. Any properties identified for acquisition will be acquired by the HRA. or City only in order to accomplish one or more of the following: storm sewer improvements; provide land for needed public streets, utilities and facilities; carry out land acquisition, site improvements, restrictive covenants and/or easements for the use of the property; clearanceand/or development to accomplish the uses and objectives set forth in this TIF Plan. The HRA or City may acquire property by gift, dedication, condemnation or direct purchase from willing sellers in order to achieve the objectives of this TIF Plan. Such acquisitions will be undertaken only when there is assurance of funding to finance the acquisition and related costs. Subsection 2-6. Classification of the District The HRA and City, in determining the need to create a tax increment financing district in accordance with M.S., Sections 469.174 to 469.179, as amended, inclusive, find that the District, to be established, is a redevelopment district pursuant to M.S.; Section 469.174, Subd. 10(a) (1) as defined below: (a) "Redevelopment district" means a type of tax increment financing district consisting of a project, or portions of a project, within which the authority finds by resolution that one or more of the following conditions, reasonably distributed throughout the district, exists: (1) parcels consisting of 70 percent of the area in the district are occupied by buildings, streets, utilities, paved or gravel parking lots or other similar structures and more than 50 percent of the buildings, not including outbuildings, are structurally substandard to a degree requiring substantial renovation or clearance; or (2) The property consists of vacant, unused, underused, inappropriately used, or in, frequently used rail yards, rail storage facilities or excessive or vacated railroad rights-of-way; or (3) tank -facilities, orproperty whose immediatelyprevious use wasfor tank -facilities, as defined in Section 115C, Subd. 15, zf the tank -facility: (i) have or had a capacity of more than one million gallons; (ii) are located adjacent to rail facilities; or (iii) have been removed, or are unused, underused, inappropriately used or infrequently used. Housing and Redevelopment Authority of St. Anthony Tax Increment Financing Plan for Tax Increment Financing District No. 3-5 2-2