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5. Preserve and enhance the tax base of the city; <br /> • 6. Preserve and enhance the quality of life of the city; and, <br /> 7. Provide maximum opportunity, consistent with the needs of the city for <br /> development by private enterprise. <br /> See Exhibit C for the data on the qualifications of the redevelopment tax increment financing <br /> district. <br /> C. DEVELOPMENT PROGRAM OVERVIEW <br /> 1. Property to be Acquired - Property located entirely within District No. 16 is owned <br /> by the Authority and is further described in Subsection F of this Plan. <br /> 2. Relocation - Complete relocation services are available pursuant to Minnesota <br /> Statutes, Chapter 117 and other relevant state and federal laws. <br /> 3. Upon approval of the developer's plan relating to the project and completion of the <br /> necessary legal requirements, the Authority may sell to the developer selected <br /> properties it currently owns within District No. 16. <br /> 4. The City or the Authority may perform or provide for some or all necessary <br /> relocation, demolition, and required utilities and public streets work within District <br /> • No. 16. <br /> 5. District No. 16 contains property zoned central commercial. All development in <br /> the area will conform to applicable state and local codes and ordinances. <br /> D. DESCRIPTION OF PROPERTY IN DISTRICT NO. 16 <br /> District No. 16 encompasses the parcels and all adjacent and interior right-of-ways as identified <br /> below: <br /> 75-405-0160 305 & 307 King Avenue <br /> 75-405-0150 317 King Avenue <br /> 75-405-0140 812 Main Street <br /> The City or the Authority reserves a right to approve all or a portion of the area of the parcels listed <br /> as designation for District No. 16. <br /> See the map in Exhibit A for further information on the location of District No. 16. <br /> • <br />