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the cost of land acquisition, site and public improvements, utilities and <br />construction of affordable housing add to the total development cost. <br />Historically, the costs of site and public improvements as well as <br />reduced rents required for affordable housing in the City have made <br />development infeasible without tax increment assistance. The City <br />reasonably determines that no other development of similar scope is <br />anticipated on this site without substantially similar assistance being <br />provided to the development. <br />3. Finding that the TIF Plan for Tax Increment Financing District No. 20 <br />(Trident) conforms to the general plan for the development or <br />redevelopment of the municipality as a whole. <br />The City Council reviewed the TIF Plan and found that the TIF Plan <br />conforms to the general development plan of the City. <br />4. Finding that the TIF Plan for Tax Increment Financing District No. 20 <br />(Trident) will afford maximum opportunity, consistent with the sound <br />needs of the City as a whole, for the development or redevelopment of <br />Development District No. 1 by private enterprise. <br />Through the implementation of the TIF Plan, the City will provide an <br />impetus for residential development, which is desirable or necessary for <br />increased population and an increased need for life -cycle housing within <br />the City. The TIF Plan also helps the City meet their goal of providing <br />more affordable housing options in the City. <br />City of Ramsey <br />Tax Increment Financing District No. 20 (Trident) <br />