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G. pry_nosed Reuse of Property. Acquisitio~t of private property within Development District No. 1 is contemplated for right-of-way purpq~ses in connection with Front Street improvements within TIF District No. 4, and in connection ~vith street and utility improvements within TIF District No. 2. Proposals ifor the use of property acquired by the City must be consistent with Development Prog~m'a objectives and financially feasible. Prior to acquisition of any property for reuse by a privat~ developer, the City Council will require a development contract and other guarantees to ensu~ that sufficient tax increment or other funds will be available to repay the cost associated with th~ proposed acquisition. It is the intent of the City to negotiate for the acquisition of property whenever possible, but the City will use its powers of eminent domain to acquire property if require. Appropriate restrictions regarding the reuse and redevelopment of property shall be incorporat&l into any development contract to which the City is a party. H. Development District Financing. Within DeYelopment District No. I, the City has created TIF District No. 1, TIF District No. 2, ~ District No. 4 and TiF District No. 5. The City may create additional TIF Districts to finance development activities within the Development District. Water and'~sewer, water tower and well costs which have been or will be incurred in TIF District No. 2, as ~ell as the cost of site improvements within TI~ District No. 2, will be paid through the pledg{~ of tax increment from TIF District Nos. 1 and 2. In addition, users will be charged for connecting to the system and will pay usual fees and charges associated with usage. Site and p~k improvements in TIF District No. 1 will be paid through tax increment and, in the case of Flirt ~t~a, ood Hills, through special assessments. Commercial site improvements within TIF DistriCt No. 4 will be paid through tax increment. Fro~t Street improvement costs will be paid through tax increment, special assessments, storm water district taxes, and grant monies. Utility coats within TIF District No. 5 will be paid through tax increment and special assessments. Conimercial site improvements and street and utility construction within TIF District No. 2 will be paid!through tax increment. Utility anti street construction costs within ~ District No. 2 will be paid by tax increment and special assessinent funds. I. llelocation. ( The City anticipates that no relocation will be necessary but accepts its responsibility for providing for relocation pursuant to §469.133 of the City Development District Act. If relocation is necessary, progisions will be made in accordance with Minnesota Statute §117.50 through § 117.56, inclusivi~. J. Administration of Development District. Maintenance and operation of the public improvements will be the responsibility of the Administrator of]Development District No. 1. Each year the Administrator will submit to the City Council the mai~enance and operation budget for the following year. The Administrator will administer the l~evelopment District pursuant to the provisions of §469.131 of the City