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noted below). <br />Therefore, the City concludes as follows: <br />a. The City's estimate ai the amaunt by which the market value of the entire District will increase <br />without the use of tax increment financing is an amount less �an the a�nae�nt described in clause d <br />below. <br />b. If th� praposed development occurs, the totaI increase in �r►arket va€ue wi�l be $12,b23,b00 (see <br />Appendices D and G of the TIF Plan) <br />c. The present value of tax increments from the DisErict for the m�imum dura�ion of the District <br />permitted by the TIF Plan is estimated to be $2,650,975 {see Appendices D and G o��he TIF Platz). <br />d. Even if some development other than the praposed development were to occur, the Council finds that <br />no alternative would occur that would produce a market value increase greater tl�an $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 TlF Plan conforzns to the general <br />developrnant plan af the City. <br />4. Finding that the TIF Plan for the Distrfct will afford maximum opportunity, consistent wrth the sound needs <br />af 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 resalt in the redevelopment of substandard properties, <br />increase the availability of sa% and decent liFe-cycle housing in the City, increase the t� base of the State <br />and add a high quality development to the City. <br />