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EXHIBIT C R SPECIFIC FINDINGS FOR SUBDISTRICT . ion to the findings included in Exhibit A, the reasons and facts supporting the al findings for the Subdistrict Plan for the Subdistrict pursuant to Minnesota , Section 469.175, Subdivisions 3 and 7, are as follows: inding that the Subdistrict is a "hazardous substance subdistrict" as in Minnesota Statutes. he Subdistrict consists of seven parcels, located within the Modified District re designated as a hazardous substance site as defined in Minnesota Statutes, Secti 469.174, Subdivision 16 and are included in a development action response plan ("RAP' as required by Minnesota Statutes, Section 469.174, Subdivision 16. The RAP entitle "Phase II Summary Report and Response Action Plan, Planned Residential Rede lopment, Western Portion of the Northwest Quadrant, New Brighton, Minnesota" was pared by Barr Engineering and dated April 2005. The Council will certify to the Coun Auditor that it has entered into an agreement(s) providing for the removal or reme i I actions as specified in its RAP. The City has received from the Minnesota Pollut n Control Agency a Conditional Response Action Plan Approval Letter dated June 30, 2 5 and an Approval of Voluntary Response Actions for Petroleum Contamination dated ctober 20,2005. City staff has reviewed the estimated costs of the necessary removal and/or I actions and the available methods of financing these activities. Although some ax increment generated from the Modified District will assist with the remediation and r oval efforts, additional assistance is required for these extensive costs. Without the a ditional tax increment generated by the Subdistrict, the redevelopment of the Modi d District is economically unfeasible and cannot proceed. In summary, the prop ed redevelopment can not occur without the remediation described in the RAP, and t revenues generated by the Modified District are not sufficient to pay for the reme ation costs. inding that the proposed development within the Subdistrict, in the opinion Council, would not occur solely through private investment within the ably foreseeable future and, therefore, the use of tax increment financing is d necessary. he activities expected to occur within the Subdistrict include the removal and/or I actions necessary to be undertaken and completed in order to facilitate the ction of the housing units and office space as described in Item 2 of Exhibit B. 3. Finding that other parcels not designated as hazardous substance sites are expe ed to be developed together with the designated hazardous substance site. 11 , I , I