3.1. EDSR 02-02-1998 - Laserfiche WebLink

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6. Provide maximum opportunity, consistent with the needs of the city for development by private enterprise. • C. DEVELOPMENT PROGRAM OVERVIEW 1. Property to be Acquired - Selected property located within District No. 18 may be acquired by the City or Authority and is further described in this Plan. 2. Relocation - Complete relocation services are available pursuant to Minnesota Statutes, Chapter 117 and other relevant state and federal laws. 3. Upon approval of the developer's plan relating to the project and completion of the necessary legal requirements, the City or the Authority may sell to the developer selected properties it may acquire within District No. 18. 4. The City or the Authority may perform or provide for some or all necessary relocation, removal of substandard structures, site preparation, grading, demolition, construction of required utilities and public parking/streets work within District No. 18. 5. District No. 18 contains property zoned I-1 - Light Industrial. All development in the area will conform to applicable state and local codes and ordinances. D. LEGAL DESCRIPTION OF PROPERTY IN DISTRICT NO. 18 . District No. 18 encompasses the parcel as identified below in addition to all adjacent (Service Road) and interior right-of-ways: All that part of the South One-Half of the Northeast Quarter of Section 11, Township 32, Range 26, lying Southwesterly of the railroad right-of-way. That part of the North Half of the Northeast quarter of Section 11, Township 32, Range 26, Sherburne County, Minnesota which lies Southwesterly of the Burlington Northern Railroad and which lies Southeasterly of the following described line: Commencing at the Southwest corner of said North Half of the Northeast Quarter; thence South 89 degrees 59 minutes 53 seconds East, an assumed bearing along the South line of said North Half of the Northeast Quarter, a distance of 66.02 feet, to the actual point of beginning of said line to be hereinafter described; thence Northeasterly a distance of 134.15 feet, along a non-tangential curve concave to the Northwest, having a radius of 480.89 feet, a central angle of 15 degrees 58 minutes 59 seconds and the chord of said curve bears North 59 degrees 03 minutes 27 seconds East; thence North 51 degrees 03 minutes 58 seconds East, tangent to said last described curve, a distance of 9.62 feet to the Southwesterly right-of-way line of said Burlington Northern Railroad and there terminating. The City or the Authority reserves a right to approve all or a portion of the area of the parcels listed as being designated for District No. 18. 411, See the map in Exhibit A for further information on the location of District No. 18. Tax Increment Financing District No.18 Page II-2