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3. Provide adequately serviced industrial areas of the City to accommodate desirable <br /> users; <br /> 4. Preserve and enhance the tax base of the City; <br /> 5. Preserve and enhance the quality of life of the City; and, <br /> 6. Provide maximum opportunity, consistent with the needs of the City for <br /> development by private enterprise. <br /> C. DEVELOPMENT PROGRAM OVERVIEW <br /> 1. Property to be Acquired - Property located within District No. 21, which is further <br /> described in this Plan, will be acquired by the Developer, Opus Northwest, LLC, <br /> and all or a portion of those costs will be reimbursed by TIF or other revenues. <br /> 2. The City may perform or provide for some or all necessary relocation, removal of <br /> substandard structures, site preparation, grading, demolition, construction of <br /> required utilities and public parking/streets work within District No. 21. <br /> 3. District No. 21 contains property zoned BP— Business Park. All development in the <br /> area will conform to applicable state and local codes and ordinances. <br /> • D. LEGAL DESCRIPTION OF PROPERTY IN DISTRICT NO. 21 <br /> As of the drafting of this plan, TIF District No. 21 encompasses the parcel identified below in <br /> addition to all adjacent and interior right-of-ways: <br /> Country Crossing Business Center Second Addition, Outlot A, (PIN 75 — 616 — 0020) <br /> according to the plat thereof on file and of record in the office of the County Recorder in and <br /> for Sherburne County, Minnesota. <br /> It is anticipated that the parcel will be recorded prior to purchase by the developer with the <br /> following legal description and PIN number: <br /> Country Crossing Business Center Third Addition, Block 1, Lot 1 (PIN 75 — 616 —0020) <br /> The City reserves a right to approve all or a portion of the area of the parcel listed as being <br /> designated for District No. 21. <br /> See the map in Exhibit B for further information on the location of District No. 21. <br /> E. CLASSIFICATION OF THE TAX INCREMENT FINANCING DISTRICT <br /> The City, in determining the need to create a tax increment financing district in accordance with <br /> Minnesota Statutes, Section 469.174 to 469.179, as amended, inclusive, find that <br /> • District No. 21 to be established is an economic development district pursuant to Minnesota <br /> Statutes, Section 469.174, Subdivision 12 and 469.176 Subdivision 4c as defined below: <br /> Tax Increment Financing District No.21 Page 11-2 <br />