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-3- <br />2. (cont.) Clerk be and is hereby directed to file said copy of <br />said Redevelopment Plan with the minutes of the City Council; <br />3. That the Method Proposed for Financing the Project, having been <br />duly reviewed and considered, is duly approved including the use <br />by the HRA of the tax increment method of financing in the <br />mapner provided in Minnesota Statutes 462.585, or any amendments <br />replacemept thereof; <br />4. That it is hereby found and determined that the objectives <br />of the Redevelopment Plan cannot be achieved through more <br />extensive rehabilitation of the Project area; <br />5. That'it is hereby found and determined that the Redevelopment <br />Plan for the project area conforms to the proposed general plan <br />of the locality as a whole; <br />or <br />6. That it is hereby found and determined that the -land in the <br />project area will not be made available for redevelopment without <br />the financial aid to be sought; <br />7. That it is hereby found and determined that the Redevelopment <br />Plan for the Redevelopment Area in the Locality will afford <br />maximum opportunity consistent with the sound needs of the <br />Locality as a whole, -for the redevelopment of the area by <br />private enterprise; <br />8. That in order to implement and facilitate the effectuation of <br />the Redevelopment Plan hereby approved, it is found and determined <br />that certain official action must be taken by this Body with <br />reference to changes in zoning, the vacating and removal of <br />streets, alleys and other public ways, the establishment of new <br />street patterns, location and relocation of sewer and water mains <br />and other public facilities and other public action, and <br />accordingly, this Body hereby (a) pledges its cooperation in <br />helping to carry out the Redevelopment Plan; (b) requests the <br />various officials, departments, boards, and agencies of the <br />Locality having administrative responsibilities in the premises <br />likewise to cooperate to such end and to exercise their respective <br />functions and power in a manner consistent with the Redevelopment <br />Plan; and (c) stand ready to consider and take appropriate <br />action upon proposals and measures designed to effectuate the <br />Redevelopment Plan; <br />9.- This governing body hereby pledges itself, to the extent necessary, <br />to carry.ott said Plan, to issue general obligation bonds to <br />implement the budges and detailed phase area plans approved by <br />said governing body for said Redevelopment Project and to enter <br />into such written agreements as may be necessary to effectuate the <br />objectives of the Redevelopment Project and said Method of <br />Financing. <br />