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<br />TIF District Overview <br /> <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 /> <br />The Planning Commission reviewed the Plan and found that the Plan conforms to the general <br />development plan of the City. <br /> <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 />wholeJor the development or redevelopment of Development District No.1 by private enterprise. <br /> <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 ofthe Plan will also increase the availability of <br />safe and decent life-cycle housing in the City. <br /> <br />Page 4 <br />