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<br />. <br /> <br />(i) It will discourage commerce, industry, <br />and manufacturing from moving their <br />operations to another state; <br /> <br />(ii) It will result in increased employment in <br />the City; <br /> <br />(iii) It will result in preservation and <br />enhancement of the tax base of the City. <br /> <br />13. That the proposed development within TIF District <br />No. 3 and further development of certain areas within <br />Development District No.1, in the opinion of the City Council, <br />would not reasonably be expected to occur solely through <br />private investment within the reasonably foreseeable future and <br />therefore the use of tax increment financing is necessary. <br /> <br />14. That creation of TIF District No.3 and capture of <br />the tax increment generated by development in the district is <br />the only available means of financing the water system <br />improvements and facilities and the other public improvements <br />necessary to allow business and industrial development to occur <br />within certain areas of Development District No.1. <br /> <br />. <br /> <br />15. That the TIF Plan for TIF District No. 3 is <br />consistent with and conforms to the comprehensive plan for the <br />development of the City as a whole and to the City's adopted <br />land use plan. <br /> <br />16. That the Planning Commission for the City of Elk <br />River has been consulted with respect to the TIF Plan and that <br />the TIF Plan conforms to the City's comprehensive and land use <br />plans. That the TIF Plan does not conflict with any other <br />known private proposals or other public projects. <br /> <br />17. That the TIF Plan will afford maximum opportunity, <br />consistent with the sound needs of the city as a whole, for <br />development by private enterprise. <br /> <br />18. That the TIF Plan adequately and accurately sets <br />forth the goals, objectives, and other details regarding TIF <br />District No.3. <br /> <br />. <br /> <br />19. That the TIF Plan has been transmitted by the City to <br />the Sherburne County Board of Commissioners and to the School <br />Board for Independent School District No. 728. <br /> <br />20. That the City has presented to the County Board and <br />the School Board the City's estimate of the fiscal and economic <br />implications of TIF District No. 3 and has offered to meet with <br />the Sherburne County Board of Commissioners and the School <br />Board. <br /> <br />3. <br />