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noted below). <br /> Therefore,the City concludes as follows: <br /> a. The City's estimate of the amount by which the market value of the entire District will increase <br /> without the use of tax increment financing is an amount less than the amount described in clause d <br /> below. <br /> b. If the proposed development occurs, the total increase in market value will be $12,623,600 (see <br /> Appendices D and G of the TIF Plan) <br /> c. The present value of tax increments from the District for the maximum duration of the District <br /> permitted by the TIF Plan is estimated to be$2,650,975 (see Appendices D and G of the TIF Plan). <br /> d. Even if some development other than the proposed development were to occur, the Council finds that <br /> no alternative would occur that would produce a market value increase greater than $9,972,625 (the <br /> amount in clause b less the amount in clause c without tax increment assistance. <br /> 3. Finding that the TIF Plan for the District conforms to the general plan for the development or <br /> redevelopment of the municipality as a whole. --- <br /> The Planning Commission reviewed the TIF Plan and found that the TIF Plan conforms to the general <br /> development plan of the City. <br /> 4. Finding that the TIF Plan for the District will afford maximum opportunity, consistent with the sound needs <br /> of the City as a whole, for the development or redevelopment of Development District No. 1 by private <br /> enterprise. <br /> The project to be assisted by the District will result in the redevelopment of substandard properties, <br /> increase the availability of safe and decent life-cycle housing in the City, increase the tax base of the State <br /> and add a high quality development to the City. <br />