Agenda - Council - 12/13/2011 - Laserfiche WebLink

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accomplish the public purposes specified in this paragraph. The development proposed for the Development District would not occur solely through private investment in the foreseeable future; the Tax Increment Financing Plan proposed herein is consistent with the Development Program; and the Tax Increment Financing Plan will afford maximum opportunity, consistent with the sound needs of the City as a whole, for the development or redevelopment of the property located in the Development District by private enterprise. The welfare of the City, the County and the State of Minnesota requires active promotion, attraction, encouragement and development of economically sound industry and commerce by the City. (AS MODIFIED DECEMBER 13, 2011) Statement of finding of public purpose prior to this modification are outlined in the Development Program for Development District No. 1 which precedes each TIF District plan approved by the City. The City has been reviewing the future development of the community. This review has defined several important roles for the City. • Facilitating development activities that are compatible with overall community development objectives of the City. • Removing the physical and economic barriers to development. • Providing the infrastructure needed to support development. • Providing sites for future development. The City intends to use the powers allowed under the Enabling Act to fill these roles, to promote development and redevelopment throughout the City, and to pool resources in order to reduce financial barriers to providing decent housing and development and redevelopment opportunities. The City has found that there is a need for development and redevelopment within the City based upon the following conditions: 1. The City contains numerous parcels containing buildings or improvements which, by reason of dilapidation, obsolescence, overcrowding, faulty arrangement or design, lack of ventilation, light and sanitary facilities, excessive land coverage, deleterious land use or obsolete layout, and a combination of these and other factors is detrimental to the safety, health, morals or welfare of the community. 2. The City suffers from a lack of necessary streets, utilities, parking facilities and site improvements essential to preparing and making sites available for meaningful development, including but not limited to, development of necessary infrastructure for a municipal parking ramp and commuter rail stop along the North Star Corridor. 3. The City requires active promotion, attraction, encouragement and development of economically sound commerce through government action for the purpose of preventing mergence and continuation of blight and the occurrence of conditions requiring redevelopment City of Ramsey Development District No. 1 Modification 4