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TIP District Overview <br /> 3. Finding that the Tax Increment Financing Plan for Downtown Phase I Tax Increment Financing <br /> District No.22 conforms to the general plan for the development or redevelopment of the municipality <br /> as a whole. <br /> The Planning Commission reviewed the Plan and found that the Plan conforms to the general <br /> development plan of the City. <br /> 4. Finding that the Tax Increment Financing Plan for Downtown Phase I Tax Increment Financing <br /> District No. 22 will afford maximum opportunity, consistent with the sound needs of the City as a <br /> whole,for the development or redevelopment of Development District No. I by private enterprise. <br /> The project to be assisted by the District will result in increased employment in the City and the State <br /> of Minnesota,the renovation of substandard properties, increased tax base of the State and add a high <br /> quality development to the City. The implementation of the Plan will also increase the availability of <br /> safe and decent life-cycle housing in the City. <br /> Page 4 <br />