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03-081
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03-081
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7/8/2005 3:41:42 PM
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7/8/2005 11:39:05 AM
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<br />JII'r' <br /> <br />, <br /> <br />balance the City's housing supply. <br /> <br />11. Eliminate code violations, remediate environmental contamination and <br />eliminate nuisance and other negative conditions that adversely affect neighborhoods <br />or are obstacles to the objectives of the Program. <br /> <br />12. Revitalize property to create a safe, attractive, comfortable, convenient <br />and efficient area for residential use. <br /> <br />13. Create and reinforce a sense of residential place and security which <br />creates neighborhood cohesiveness through City investment in neighborhood <br />infrastructure and public improvements, including landscaping, park improvements, <br />local street modifications to reduce traffic impacts, street construction or repaving, curb <br />and gutter construction or replacement and streetlight installation or updating. <br /> <br />14. Encourage infill development and redevelopment that is compatible in use <br />and scale with surrounding neighborhoods. <br /> <br />15. Rehabilitate existing housing stock and preserve existing residential <br />neighborhoods wherever possible. <br /> <br />16. Demolish and reconstruct, where necessary, aging residential buildings to <br />preserve neighborhoods. <br /> <br />17. Remove substandard structures. <br /> <br />Subsection 1.5. Public Improvement Costs. The estimated public improvement <br />costs and the amount of bonded indebtedness, including interest thereon, to be <br />incurred for the benefit of and within the Project Area are set forth on Exhibit I-C. <br /> <br />Subsection 1.6. Sources of Revenue. Anticipated revenue sources to assist in <br />the financing of the public improvement costs pursuant to Subsection 1.5. above <br />include (1) general obligation and/or revenue tax increment obligations with interest ; <br />(2) the direct use of tax increments; (3) the borrowing of available funds, including <br />without limitation interest-bearing City short-term or long-term loans; (4) interfund loans <br />or advances; (5) interfund transfers, both in and out; (6) land sale or lease proceeds; (7) <br />levies; (8) grants from any public or private source; (9) developer payments; (10) loan <br />repayments or other advances originally made with tax increments as permitted by <br />Minnesota Statutes; and (11) any other revenue source derived from the City's <br />activities within the Project Area as required to finance the costs as set forth in <br />Subsection 1.5. All revenues are available for all tax increment eligible expenses within <br />the Project Area as allowed by Minnesota Statutes. <br /> <br />Subsection 1.7. Environmental Controls. To the extent proposed development or <br /> <br />1-5 <br />
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