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o <br /> <br />Provide maximum opportunity, consistent with the needs of the city for <br />development by private enterprise. <br /> <br />C. DEVELOPMENT PROGRAM OVERVIEW <br /> <br />Property to be Acquired - Selected property located within District No. 17 may be <br />acquired by the City or Authority and is further described in this Plan. <br /> <br />° <br /> <br />Relocation - Complete relocation services are available pursuant to Minnesota <br />Statutes, Chapter 117 and other relevant state and federal laws. <br /> <br />o <br /> <br />Upon approval of the developer's plan relating to the project and completion of the <br />necessary legal requirements, the City or the Authority may sell to the developer <br />selected properties it may acquire within District No. 17. <br /> <br />o <br /> <br />The City or the Authority may perform or provide for some or all necessary <br />relocation, removal of substandard structures, site preparation, grading, demolition, <br />construction of required utilities and public parking/streets work within District No. <br />17. <br /> <br />District No. 17 contains property zoned I-1 - Light Industrial. All development in <br />the area will conform to applicable state and local codes and ordinances. <br /> <br />D. LEGAL DESCRIPTION OF PROPERTY IN DISTRICT NO. 1 7 <br /> <br />District No. 17 encompasses the parcel as identified below in addition to all adjacent (Service <br />Road) and interior right-of-ways: <br /> <br />Lots 1 and 2, Block 1, AVON ACRES 4th ADDITION, Sherburne County, Minnesota. <br />EXCEPTING from said Lot 1 all that part thereof lying northwesterly of the following described <br />line: <br /> <br />Commencing at the most Northerly corner of said Lot 1; thence South 50 degrees 01 <br />minutes 32 seconds East, plat bearing, along the Northeasterly line of said Lot 1, for a <br />distance of 273.86 feet to the actual Point of Beginning of the line to be hereby <br />described; thence South 39 degrees 58 minutes 28 seconds West for a distance of <br />318.12 feet, more or less, to terminate said line at the intersection thereof with the <br />West line of said Lot 1. <br /> <br />Containing 6.41 acres, more or less. Subject to easements of record. <br /> <br />The City or the Authority reserves a right to approve all or a portion of the area of the parcels listed <br />as being designated for District No. 17. <br /> <br />See the map in Exhibit A for further information on the location of District No. 17. <br /> <br />Tax Increment Financing District No. 17 Page ]I-2 <br /> <br /> <br />