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EXHIBIT C ~ SPECIFIC FINDINGS FOR SUBDISTRICT desig 469.1 as re "Res North dated into a The certifi tion 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 s, Section 469.175, Subdivisions 3 and 7, are as follows: Finding that the Subdistrict is a "hazardous substance subdistrict" as in Minnesota Statutes. The Subdistrict consists of eighteen parcels, located within the District which are ted as a hazardous substance site as defined in Minnesota Statutes, Section 4, Subdivision 16 and are included in a development action response plan ("RAP") ired by Minnesota Statutes, Section 469.174, Subdivision 16. The RAP entitled nse Action Plan, Planned Mixed Use Redevelopment, Eastern Portion of the est Quadrant, New Brighton, Minnesota" was prepared by Barr Engineering and ovember 2005. The Council will certify to the County Auditor that it has entered agreement(s) providing for the removal or remedial actions as specified in its RAP. ouncil acknowledges that the parcels to be included in the Subdistrict will not be until the Development Action Response Plan has been approved. Finding 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. The activities expected to occur within the Subdistrict include the removal and/or al actions necessary to be undertaken and completed in order to facilitate the ction of the housing units, office space, retail and restaurant space as described in of Exhibit B. City staff has reviewed the estimated costs of the necessary removal and/or reme ial actions and the available methods of financing these activities. Although some of th tax increment generated from the District will assist with the remediation and remo I efforts, additional assistance is required for these extensive costs. Without the addit nal tax increment generated by the Subdistrict, the redevelopment of the District is econ ically unfeasible and cannot proceed. Additional background and analysis supp ing this Finding are included in Exhibit XXXV-D of the Subdistrict Plan and in the RAP. 3. Finding that other parcels not designated as hazardous substance sites are expe ted to be developed together with the designated hazardous substance site. 10