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_ _ _ .. ... .. . .. ..... ...... ... .. .. <br />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 ihan the amaunt described in ciause d <br />below. <br />b. If the proposed development occurs, the total increase in rriarket vaIue will be $12,523,6U0 (see <br />Appendices D and G of the TIF 1'lan) <br />c. The present value of tax increments from #he District for the maximum dura#ion of the District <br />permitted by the TIF Pian is estimated to be $2,650,975 {sea Appendices D and G of the TI�' Plan). <br />d. Even if some development other t,han the proposed development were to occur, the CounciI finds that <br />no alternative would occur that wouId produce a market value increase greater than $9,972,625 (the <br />amount in clause b less tha amount in clause c without tax increznent assistance. <br />3. Finding that the TIF Plan for the District coraforms to the general plan far the development or <br />redevelopment af the municipality as a whole. <br />The Plan:ning Commissian reviewed the TIF 1'lan and found that the TIF Plan conforms ta the genez'al <br />development plau of the City. <br />4. Finding that the TIF Plan for the District will afford maximurn opportunity, consistent with 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 wiIl result in the redeveloprnent of substandard properties, <br />increase the availability of safe and decent Iife-cycle housing in the City, increase the t� base of #he 5tate <br />and add a high quality development to the City. <br />