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~-~,,:: ~ [~. ?~J.'n~,Jli__R_~e.l~ted to the Modification of Dev. elopment <br /> <br /> J.]~nds that the modification of Development <br /> in the judgment of the Council, its effect <br /> for commercial develo~ent in the City, <br />otl~erwise promote certain public purposes and <br /> s~cifi~ in the ~velo~ent Pr~r~. <br /> <br />[~:evJously adopted and modified a Program for <br />f,xcept to the extent the modified Program <br />by reasonably necessary implication amends <br />such Program continues to be an expression <br /> <br />~l , ' ~: ~ l ] .... : ~ ~_'i~]d'Eq55._l{elat_ed to the Establishment of Tax Increment <br /> <br /> ~ i~i ,: J.~.. ti~f~ opJ. r~ion of the Council that development of the <br />./o]~:~-{:;( ~i~ it <;]_,;.~]eCl witJ:~;ir~, ~3~ Incr~ent Fin~cing District ~. 4 would not <br />rea~o~/l~~:; [;~ e>~.].~ef~ted to dOCtOr solely through private investment within <br />the ]:~;~:(,]~, [ ]. ,[~:~ee ~t)].e. j:lu[t~re due to the lack of adequate streets and <br />.ptb]ic ~ .~.{ ~4 J~f_~ ~r~d 'ti]al. tie use of t~ increment financing for certain <br />cJ~tl(' i .... :) { '[ ' ' ~ I [ [ ~ [: J[ { } ll: ~ l~ }']]t.~}l.[[[ {:~lig area is therefore neces~ry. <br /> <br />-(~()~J]]lCi]_ :f:]_t~df-. l:t'~at the Tax Increment Financing Plan for Tax <br />~.~.~'~r~{;in[l Dist~ici~ No. 4. conforms to the general plan for <br />City, based upon the recommendations of city staff, <br />;[Jor ¢;o[]sl:l:t1c[ion of streets, water, sanitary sewer, storm <br /> J. gh'L];~9 facJJ, ities needed to promote development in the <br /> <br /> :~.~:: i'i<~ (:o~;~.c:[:[ fi~]s i.hat the Tax Increment Financing Plan for Tax <br />I~cr¢~tl ~.' ~,~l('..J.t]g 13ist:rict No. 4 will afford maximum opportunity, <br />c()n.~J.~'~<~],~ ;tlt~ ~'~e sou~.d needls of the City as a whole, for development of <br />the i.);,.~[, ;~i [)y private e~_terprise by providing the infrastructure <br />neC(?~cJ~;I] ~ :l ' ~..:~]~::o~3ro_ge deve].ol~-aent of the area. <br /> <br /> 3,~": ['J;(: (:(,U~](.:i]. :lt.yl::her finds that the establishment of Tax <br />I]~c]-~n~:.~.~l '~ ,.'~(~:~(j Dis'i:rict k'~o. 4 is intended ~d, in the jud~ent of the <br /> ' [ Il to pr~ote the p~lic purposes and accomplish <br />tt~e c~:.i~.~.l~: ,-~: ~:}.~(:]L~.~J 5[:~ d~(~ 5'ax Increment Fin=cing Pi~. <br /> <br />Modified Development Program a~d, T,.ax <br /> <br />P):ogram for ~velo~ent District No. 1 <br />for T~ Incr~ent Financing District <br /> <br /> ~. {.; ~1.~ (' (~(!(~[I~][)t):Lc }×Jt~-)daries of expanded Develol~nent District No. 1 <br />;~d ~)J i;: l.,c'.~'omel~t FJ.nar~cJng District No. 4 are described in the <br />N.~v(Io!~{,~.~t~. i'.,5()~:ji~am a~.d ~i'ax ][ncrement Financing Plan therefor and are <br /> <br />Resolution #88-56 <br /> <br />Page '~ <br /> -~ of 3 <br /> <br /> <br />