Laserfiche WebLink
of public improvements, the sites would not be <br />available for future commercial/industrial development. <br />� The area consists primarily of aging truck termin�ls <br />wi�h, in many instances, hazardous underground tank <br />leakage problems. A comprehensive developmen� simply <br />cannot occur in �his area without public intervention. <br />2. The t�x increment financing plan will afford maximum <br />opportunity, consistent with the sound needs of the <br />�ity as a whole, for the development or redevelopment <br />of the project by private enterprise as it will enable <br />t�e City �o pxovide suitable sites for future <br />de��lopm�n�; th�reb� encouraging redev�lopment in th� <br />�r�s. <br />3. fihe tax increme�t financing p�an conforms to the <br />general plan �or thQ dev�lopm�nt of the city �s a whol� <br />a� it w�.11 resul� ir� �h� av�ilability of n�ed�d land <br />for c��m�rc�.al��ndustrial d�v+�lopm�nt and such <br />d�velo��e�rt i� �omp�tfb�s wfth the C�ty't� 2ofl��g <br />orciinanc�rs �ncY other r�l���d re�gul�tions a�r�d ��couraqe� <br />��� p�rovi$ion ���d cl�v��opm�nt o� cammorGial and <br />i�ndue�t�ial l�nd ag ��� �orth in �he �ity's Land <br />i�s���omp�c������v� Pla�s. <br />�. As r��q�ui�r�d ka� ��� ��x �r�c��mer�t �in�nc�r►g �►ct, ft� <br />���a�l�s��n� T�� �nG���ont �'in�nc.�ng D�istrict No. 11, <br />th� d�����rrat�or� h�� b��n �aad8 th��t t�� an�ic�pat�d <br />'� davelopm�n� woulc� nc�t ��asana�a�y be e�p��t�d to occur <br />a�ol��y �,h�c�ugh �ri�ra�c� �nv�stm�nt �rithirr �h� rea�onab�y <br />f�a�c€����rak�l� ��te�r� �nd th�at �hc�rc��Qr�� +tt�� u�@ o� tax <br />,in+�r���a�� �fr�ar���it�� h�s �aen ��a�d up�� �r��tt�tn <br />�e��ar�r��t�tatf�r�� mad� b� Ci�+� d�v�lop�r to su�h ���`sG�s <br />�nc� u��a� Cit� ���l� a����n�s� �►� �h� �'���ib��,�ty o� <br />�c�veiopi�g ti�� �e�b��ct �i�em <br />ZZ. F'��C�� Q���3�l������ 'E��C��C91'1 �7� R€�L�t9�U�1C�t1 <br />'�hQ �City �t�ll �i.�ct th� m���nd o� +�a� incr�r��nt compu�tation <br />se� �o�cth �� ��ctior� �5�.177 � �ubdivisi��n 3, ci���� tb) , <br />p�u�rsu�r�� to � n���t� ����uta��, S�Ctia� 463,175, �ubdiv�8�4n <br />3�5) . E3y �i�i� ����tir�n� th� Gi�y d�s�r�s �h�t a per�tian ca� <br />th� �ar�t��rib�tiar► to ti�a �i�ca� d�.��a�ri�i�s a��a �ridc� �►�01 <br />com� from Tax I�ncr�m�ant F'inancing Di�t�ict� T�o, 11. I� laae <br />�c��� a����atecl t�at 60� o� th� pro�e�ged ��x in�remgnts wi11 <br />b� retaineci wt����, 4�� wfll �ae �ontr�b��Qc� ta t�e ar�� wic3a <br />f�.sc�l disparities pool, <br />� <br />