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3. Cp�fa��itv to General Plan. The City �as found that the District conf�nns �o t�e <br />general plan for the developmen� or rede�relopment a£the City as a whole. <br />The reasons a�d supparting fac�s for this detear�rai�ation a�re as %llaws: <br />{1) The comprehensive plan contemplates that the praperty in the District <br />should �ave a cornmerczal oz' �esidential use. <br />(2j Tk�e coznprehensive plan seeks ta encourage caz��aercial or residential �se <br />af the I�is#rict. <br />4. Private Entezprise. The Gil;y has found that the �ax incremeni financang p�an %r <br />�he District rr,rill afford ncaaxi�a� oppartunity, eansistent with �he saund needs of the Ci�y as a <br />whole, for the d�veIaprta�nt ar redevelopment of the �rojecfi hy private enterprise. <br />The reasons and supporti�g facts £or this cteterminatian are as fallows: <br />(1} The sound needs o�t�e City as a whole include i:he provisian of <br />commercia� or residential facilities, and the ta� increment financing plan %r the Dis�rict <br />promot�s the developrnent of such facilities. <br />(2) Private ente�prise will develop the facilitzes wi�. t�e aid o�tax inerement <br />financing. <br />S. Fiscal Disparities Electzon. T�e City has �'ound that the election o� tax incre�nent <br />computa�ion under the f scal disparities Iaw is confirmed. <br />The reasans and supporting facts for tl�is ci.et�r�ai�ation are as �al�aws: <br />The City is in Rarnsey Caunty, and ihe fiscal disparities provisions oi <br />Miru�.esota Stat��es, Chapter 473F, are applicai�le �o such carrnty. The City has <br />heretofare elected ihe computa�ion �ne�l�ad of Mir�nesota Statutes, Section <br />4f 9.1 "i7, Subdivision 3, clause (b), ai�d does not change s�ch election. <br />a� �sooz�3 B-2 <br />