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1- 6 <br />The Tax Increment Financing Plan will afford <br />maximum opportunity, consistent, with the sound <br />nieed,s of the City as a whiole, f or the development <br />by private enterprise as it will enable the construct ion <br />of a, multifamily housing project, thereby encouraging <br />other devellopment 'in the area . <br />0 <br />d. Tax Increment District No. 6 is a housing <br />district pursuant to Minnelsiota Statutes . Section <br />273-73, Subdivision 10 for the reasons set forth <br />inSeiction E of' the Tax Increment Financing Plan, <br />3. Plursivant to ,, <br />• ,n 31, before or at thie time of approvel of the Tax <br />4 <br />In,icremient Filnanci'ng Plan, for Tax Increment District No. 7, <br />the municipality shall make the following findings and shall <br />set forth in writing, thie reasons anid supporting facts for <br />a <br />each determination,. <br />