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and preserving and enhancing the local tax base of the State of <br />• Minnesota. <br />C. DEVELOPMENT PROGRAM <br />L Overview <br />TL Feeding Systems, Inc., 8720 Wyoming Avenue North, <br />Brooklyn Park, Minnesota, seeks Tax Increment Fnane.ng <br />assistance to support its proposed construction of a 15,000 <br />square foot facility in the Country Crossing :Business Center <br />(Business Park). <br />The Tax Increment funds will be used to reimburse TL Feeding <br />Systems for the acquisition of the development site. In <br />addition, funds will be used for site preparation and site <br />development costs. <br />2. Property Included in Tax Increment Financing District No 13 <br />The legal description of the property included in TIF <br />District No. 13 is as follows: <br />Lot 1, Block 1, Country Crossing Business Center Second <br />Addition (part of PID No. 75-575-0020} <br />. Attached as Exhibits B-1 and B-2 are maps showing the exact <br />location of the property included in Tax Increment Financing <br />District No. 13. <br />3. Property to be Acquired by the Authority <br />No property will be acquired by the Authority. <br />D. DEVELOPMENT ACTIVITIES <br />Development Overview <br />TL Feeding Systems, Inc., proposes to construct a new facility <br />containing approximately 15,000 square feet on the Business <br />Park Lot. The new facility will have a finished market value <br />estimated at $675,000. Construction may begin during the fall <br />of 1995 and will be completed by the spring of 1996. <br />TL Feeding Systems, Inc., currently employs 10 persons at its <br />existing leased facility. As a result of the expansion, <br />approximately six (6) new full-time jobs will be created by TL <br />Feeding Systems. <br />~J <br />