87-071 RES - Laserfiche WebLink

Home Browse Search

. . . staff and consultants reflecting the city's intention to use a portion of the tax increment captured in the TIF District No. 3 to provide a portion of the funds necessary to make improvements in the Industrial Park. 10. That the Modification is consistent with and conforms to the Comprehensive Plan for the development of the City as a whole and to the City's adopted Land Use Plan. (a) The Modification of the Plan is consistent with and conforms to the City's Land Use Plan by: (i) Providing financing for street, water and sewer system improvements necessary to allow development for business and industrial uses of areas of the City specifically designated by the Land Use Plan for business and industrial uses. (b) The Modification is consistent with and conforms to the City's Comprehensive Plan by: (i) Encouraging desirable development of land within the City; (ii) Increasing employment opportunities In the City; (iii) Increasing the tax base of the City; (iv) Encouraging orderly planning and commercial expansion. (c) The Modification has been submitted to and reviewed by the City's Planning commission which has found that the Modification conforms to the City's Comprehensive and Land Use Plans. (d) The Modification does not conflict with any other known private proposals or other public projects. 11. That the Modification will afford maximum opportunity, consistent with the sound needs of the City as a whole, for development by private enterprise. (a) The Modification identifies development by private enterprise as a specific objective of TIF District No.3. (b) The Modification will promote development within TIF District No. 3 by private enterprise. (c) The City has no intent to develop any portion of TIF District No. 3 and anticipates that all development will be by private enterprise. 3 .