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of �he �raperty �o the City and the price paid by <br />develapera; <br />� 6 Th� amount o� tax-exempt obligat�ons, other than <br />( ) <br />those r�por�ed under claus� (3j, that were issued on behalf <br />of private �ntitiee fo� f�cilities located in Tax I�cremen� <br />Fin�nci�g �istric� No. i2o <br />`T� <br />r <br />Z. <br />�� <br />�� <br />A�sump�icns <br />Ik w�� necessary ta ��k� certain assumpki�ns <br />incom�, costs �r�d �it�f nc� og T�x Ir,cr�m�nt �inancing <br />No. 1�. Thet��a ��aump�ic�t�s �re� ba�sc�d on di�cussions <br />C�ty,, Cot�a�t�, a�nd �h� �rospQ�tive �e�v�lopars. <br />�tun�c�pal Findi�rtc�a <br />regarding <br />District <br />wi�h the <br />Pu�ats�nt �o �,,�nn��ot �t� ���, ��ctior� 9G�. �7�� Sc�b�ivisio�t <br />3, b��or8 �� �t tl�+� ti�� o� �pprov�� o� t�ha �ax ,�r,c����nt <br />��n�nc�nc� �1��, t�h� m�n�ci������ �ha1t �$kQ the �ollaw�ng <br />findinc�s ar�d sha�� s�� ��art� #,n writ�nq �hQ ��a$ons and <br />sup�ortinx� �a��� �o� e��t� c���+���r���i�a�. <br />1. �h� propo�ed ���r�lop�Qn�, �n t�� a�►in�or� of �ha C��y, <br />wauld not �€�s�a��b1y �� r��e�c�c�Qc� to a�eur �ol��y <br />��r�►u�h n��r���� ��a���t�+�nt rrfth�� �h� �Qa�onably <br />�r�������b�+� �+�t�r�a �n� 4 ��x��c��`�►�+�, ttac� u�m o� ��ac <br />,incrQr��n� f,i��n�i�►� �� ������ t��ae+����►�. �i�ha�t �h@ <br />��ty's� �����t�n�a ��� wa���c� �►o� b�a ebl� �� e�ca�a �o�w�cc� <br />w��h r��p��t t�a s������t��r� ��d ����i�� mo�li��cation� �o <br />���or� thi� p�c����� �a� �s��� �o���a. �"u�t�i����e, b�►�c�d <br />on �ha ���►3�1�i��1��� ��` ��€��r ����n��r►Q land �n o��c�r <br />�rQ��, ���r p�a}�a��d �r��+� +�r�r�� b►��o��� �v�� �no�� <br />��1+��ica� v��h ���pc��t �a m�������n� !��'R r���h it� <br />p�a�ao�Qd s��nu�a�tu����n� ��c�l�t�r. ��C� �� a��o ����.ng <br />�������c�n� ca�t co��i�e���t�a�� ���l� r��pect ta <br />�ui�d��ng� �n �.u���=�u�������io�� �i��t �ur��a� <br />�o�►���c��� ,��� ��r,�r���nc� ���e+�i��r. <br />�, Tt�� tax �ncr��n�nt E;�����ita� ���c� w�� l���or� tn�x��►u� <br />v�poctun���r, c�ns���c�n� wi�h tt�� �s��aa�d n�ad� o� th� <br />C��y �s � �r�ale, �a� t�t� +d�a+���p�c��� or r�clr�vc�lQ��nc�nt <br />b� p��v�t� en�c�r��i�Q �� it w��� �r►�b�e tt�c� ���� fi� <br />providc �u.it�b�e� �i�a!s �o� �u��r+� d��r�l�op�nar�t; t����b�+ <br />c�ncouzaqinc� r�dar�c�la�ament f�► �h� ��a�. <br />3. The tax incremQ�nt �ir�anei�s� p�ar► �c�n�o�ms to th� <br />�c�n���l Fi�n �or th+� ��vc�i+�p�me�n� �€ ��i� �i�y ��► � wP��3@ <br />�� it wil� ra�ul� in fihct �v�i��bil��y of ne�dad 1�n�i <br />�or commercial/,�ndu�tr��►1 ds�vela��►�nt �►nd �uch <br />davelopm�nt f� compat�.b�e w,�t� �hc� �itiy �� zon3�ng <br />ordin�ncc�s �nd othc�r r�1��Qd r�g�al�►tic�n� �r�d �r�cour�q@s <br />�t�Q Provision �ncl cl�vel�pmant c�f c�mm��cial a�d <br />xndustrial land �,s ��� forth in th� Cit�'s L�nd <br />