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� <br />� <br />� <br />Y. <br />Z. <br />bonds issued or other loans incurred to finance project <br />costs in Tax Increment Financing District No. 11; <br />(4) for the reporting period and for the duration of <br />Tax Increment Financing District No. 11, the amount budqeted <br />under the Ta� increment Financing Plan, and the actual <br />amount expended for, at least, the following categories: <br />(a) �cquisition of land and buildings through <br />condemnatian or purchase; <br />(b) site improvements or preparation costs; <br />��) installation af public ut�lities or other <br />publfG improvements; amd <br />(dj ad�ini�tr�tive casts, incivaing tne allocated <br />coat af th� Gity; <br />(5) Far pro�e�ti�s sold to d�v��apegs, �he total cost <br />of the property to the City an� the price paid by <br />develop���; <br />(6) The �mount o� t�x-exempt �b1�g���Q�s� <br />those r�ported under cla�s� (3�, t�$t were �ssue <br />of priva�e �ntiti�� ��r �acili�ties ioca��d i� �� <br />Financing �is�rict N�. ��. <br />A�su�ptia�s <br />a�her than <br />d �n berialf <br />x In�rement <br />it was �ece�sary �� �aka ���t��n a��umption� <br />income, costs and ti�i�q �� �ax s�c�����t �i��n�in� <br />No. il, �h��s a���mptian� ��e b�a�d on disc���ions <br />City, Coun�y, �nd �h� prosp�ctive d�v��ap�rs. <br />I�unicipal Fi�dings <br />r��ardi�� <br />��st�ict <br />�f �h �h� <br />Pursuant to Mir�nesat� S���ut�s, Sectio� Q�9 * 175 ���a�di�tisic�n <br />�, before or at �.he t3.�a� of a�p�r�val af �the t�x in�crement <br />financinq plac�, the municigality sha�l rnmke the f�llowing <br />gindings �nd �hall �et �o�t� in writi�lg tt�s r�a�ons anci <br />supportinq �acts for �ach �eterna�.na�i�n. <br />1. The proposed d�vc�lopment ar red�v�l�pm�nt�, in �h� <br />opinion of the c��y, wnuld r�ot r�a�on�bly be �axpectc�d <br />ta occur soic�ly ���Q�g�y p��V��� i�Y����Q�� �ri�hin th� <br />reasonably foresee�bl� �t��ur� e�nd, �he�r�Ear�, the t�s� <br />o� t��c increment fin�nainc� is cieemed t��cess�r�. <br />Without the City �� assistar�ce with the a��sem�alag� o� <br />develapable but substanciaxd or improperly zoned p�ra�ls <br />in order to make aites s�ui�ab3e for future <br />commercial/industrial development, th� developer� �ou�Id <br />not f�a�ibly construct their develo�m�n�s and without <br />the use of tax incremen�s ta assist wigh the fin�nc3.ng <br />