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FROM BRIGGS & MORGAN 4.23.1993 19906 Pi operties, Inc. is also facing significant oust considerations with respect to buildings id sultiew jurisdictions that further complicate-its financing capacity* 3 * 03 * The Course i l further f inds that the Tax Incrnt Finenoinq Flan for Tax Increment Financing District No* 13 conforms t6 the general plan for the dove lopment or redevelopment of the city an a whole. The specific basis for such finding being: The Tax =ncr"ant Financing Plan for Tax Increment Financing district No. 13 will generally compliment and serve to implement policies adapted in the City +a comprehensive plan, 304. The Council further t inds that the Tar Increment Financing Flan for Tax Xncr ment Financing District No. l3 will afford maxLmum opportunity consistent with the sound nea4a of the city as a vholo, for the development of deerlopment District No,, I by private' enterprise * The specific has is for such finding being =t gill enable the renovation or clearance of structurally substandard buildings and the construction of now projects in the city, thdireby encouraging other development in the axva. Section 4. &=royal f a I a Tait Increment Finangina 'Plarts a col. The Tar In rement Financing Flan -tar Tax Increment Financing Viatrfot Not 13 is hereby approved and adopted* 4nUa The staff of the city* the City's advisors and legal counsel are authorised and directed to proceed with the inplementation of the Tar ln=omnt Financing Flans and for thia purpose to negotiate, draft, prepare and present to this CounaLl for its consideration all finer plate , resolutions, documents and oantraots necessary for this purpose, 4.03. The , ku4itor of R&USay County is requested to certify the origin &l not UX Capacity of Tax Xn *nt Fib' &n *inq Distri -at No* 23, as described in the Tax Increment Financing Flan, and to certify in each year thereafter ' the amount by which the original net tax capacity have increased or decreased in accordance Frith the Acts and the city Manager is authorised and directed to f orthvith transmit this request to the Counter Auditor in such form and content as the Auditor may agecify, together with a list of all properties within Tax Increment ft'nancing District Now 13 ror which building persits have been issued during the IS months immediately preceding the adoption of this resolution* 3