Laserfiche WebLink
1) The City finds, determines and declares that with respect to the Modification: <br />a) The City is modifying the Plans to authorize the use of tax increments <br />from Tax Increment Financing Districts Nos. 1 through 7 and 9 through 11 for <br />proj ect costs identified in the Modification. <br />b) The City reaffirms the findings previously made with respect to Tax <br />Increment Financing Districts Nos. 1 through 7 and 9 through 11. <br />2) The Modification conforms to the general plan for the development of the City as <br />a whole. <br />3) The Modification conforms in all respects to the requirements of the Act and will <br />help fulfill a need to develop an area of the State which is already built up to provide <br />employment opportunities to improve the tax base and to improve the general economy of the <br />State and thereby serves a public purpose and will afford maximum opportunity, consistent with <br />the sound needs for the City as a whole, for the development or redevelopment of the proj ect area <br />by private enterprise in that the intent is to provide only that public assistance necessary to make <br />the private developments financially feasible. <br />4) The Modification is hereby approved. <br />5) The City Manager is authorized and directed to file a copy of the Modification <br />with the Commissioner of Revenue. <br />The motion for the adoption of the foregoing resolution was duly seconded by member <br />and upon vote being taken thereon, the following voted in favor thereof <br />and the following voted against the same: <br />Whereupon said resolution was declared duly passed and adopted. <br />1216189.2 <br />