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ZZ. <br />• <br />� <br />Use/Comprehensive Plans. <br />4- As required b <br />y the Tax Increment Financing Act, in <br />establishing Tax Increment Financing District No <br />the determination has been made that the ant' �' 11, <br />development would not reasonably be expected t �lpated <br />solely through private investment within the reaso�ccur' <br />foreseeable future and that therefore, the use nably <br />increment financing has been based °f tax <br />representations made by the developer to usu h effeten <br />and upon City staff awareness of the feasibili� cts <br />developing the subject site. Y of <br />Fiscal Disparities Election by Resolution <br />The City will elect the method of tax increment <br />set forth in Section 469.177, Subdivision 3 �omputation <br />pursuant to Minnesota Statutes, Section 469,175 �lause,(b)� <br />3(5). By this election, the City desires that� Subdivlslon <br />the contribution tA the fiscal disparities a a p°rtion �f <br />come from Tax Increment Financing District No re12Wlde pool <br />been esti�ated that 60� of the It has <br />be retained while 40� will be co tributed to ncrements will <br />fiscal disparities pool, the area wide <br />