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4.04. The Council further finds that the Tax Increment <br />Financing Plan �or Tax Increment Financing Dis�rict No. 12 v�ill <br />� afford maximum opportunity consistent with the sound needs of th� <br />City as a whole, for th�e development of Developmer�t District No. <br />1 by private en�erprise. The specific basis for such finding <br />b�ir�g: <br />�'� will enabl� �he renovation or cic�arance of s�ructura�.ly <br />�t�bstandard buildi.ngs and the const�uctiori of a�ew pro�ec�s <br />in tl�e Cit�r, thereby en�cvuxagir�g o�her developm�nt in th�e <br />area. <br />• ; •.� • - • !,� 1� •! ! �: • �1,1� i � �" !t _ �!� <br />• • •.' ¢s , ; (. ":Sk�t , !..! : t• � -.l.' <br />�.��. The �Sa�di�`��d �ovelnpmer�t Progr�m �c�r t7�velopm�nt <br />�i�trict tdo. �., tho �odifiad Tax Y�c�e�en� �ir�ae�c�.ng P�an� fa�' <br />�ax In�r����t �'in��►��a�q Distric�� Nos, 1 ti�rr�ugh l� and �hc� Ta�t <br />Incr�a��n� �'ireara�inc� Plan tor T�x ��c,r�m�,r�t Fin�ncing oistric� No. <br />11 and �t�a. 12 axe hers�b� e��ro�va�d �n�d �doptc�d. <br />5. �2 , ��� f i��d ��rqs o� �h� Cf t� �°e�qui�c�d !�y t��r�r��s��� <br />�t������ �actfon 469.1a�, Subs�. 3 ��l�tinc� �o "��x i�c��m�n� <br />Fir���c�ng Di��r�c�� �o�. �, tt�r�ugh �.� gar���c�us�.y ��d� by► t�e �it�r <br />��� ���r�r�y �atf�fie�l, �as�tir��t9 �nd �do@te�ti �s o� 'k�ia ���ec�. <br />a�•��a ♦�4a ii4.ii�� tiefs da�{ii� �i���,� Y�k� �sib��� �M7��Li�w7 ��� �ii���. <br />�our►��l arm a�athorf xo�� a��d ���e�c��d t�o �x�►��e�� wi�h �h� <br />� ,im�l�me��a�io� of t�� �'�� �nc�er���� �'inan��n� �l.�n� �nd �o�° thi� <br />�u�poam tc� r���ati��a, c9r��t�, praps�Q �nd prc����� t� �tai� Co�nci�. <br />fo� ��� +�on����r�tion �l� �ur�hQr g���n:�, rc���►�e���.o�►s, dc���a�n�r���a <br />ac�� eoe��rr���� r►�eer����y �c�c t��� ;p���a��c�. <br />�.��. Th� �uc�i�o� �►� R����� �our��� �� �Qc�u���t��d tca ���t���r <br />t�� oric�,inal r�a� �a►x c���cit� 4� '��� �tecr�m�nt ��n��ci�g D����i�� <br />t�o. 11 �r�d �o. �� s�s �c��cr�b�d in t�h� '�ax Inc���c��� F"�i�a�r�cirtg <br />����� f�r�� to ���t��� i�ra �ae� y��r �h�ro���a� th+a �rnoun� by �rh��� <br />�h� o��g�n�� �Qt �m� ����city �av� ��c�����d o� d�������d in <br />��c�ord�►nc�a w��1� th� ��� 4�rr�� �h� Ci.�y C�e�rk-T�Q��u�r�x� �� <br />�u�chori�e�� ��c� d���ctad �o lc�rtt���rft� tr�n�r�it t�hi,� rr��u��t �a '�he <br />�C^sunCy A�el�,�a� ��► suct� ��r� and� G�sr���r�t �� th� ri�dl��or m�y <br />�p��iPy, togQtt�Qr w��th � ���� ca� a�l ��c�part�:�� �ri�h�r► �"ax <br />Ir�����n��� F�n�nc�rac� ��stricC �o, 1� �n�c T�a. 12 Evr ��h�ci� buildl��c� <br />pc�rt�it� t���� i�a�n iv�uecl �luri,�g �k�� 1� t�r�nt�� �mmc��i�t�1y <br />prQ�aci�ng Ch4 �cio�a�i�an o� tt�i.� re���ut�an. <br />�t�� mcstiaon for th� �dA�t�.or� of th� �a��c�Q�ns� ���alution w�►s <br />d��i� ��cenc�ed by G�ur►�ilr���nber __:•4���'��'a�=� _ , and upon �+o�� <br />b�inq t�}c�r� ti��r��n, ��� �cslla��aia�g vote�# �.n �avor tla�rc�of; <br />1:1.1.�a�1lil�yil � :'�E`��C:��}�i� � `�*�1Qlfilia� � .��kltla�dl � cltl� �4CT � <br />