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I .. I '.' ' II! 1.04. The Special Law was adopted by the Legislature and approved by Ramsey ounty to assist the City in redeveloping the area bounded on the north by the outh boundary line of Tax Increment District No.8 extended to Long Lake Regional Park, on the east by 1-35W, on the south by 1-694, and on the west by Long Lake Regional Park (the "NW Quad"). The Proposed District is situated in he approximate southern one-half of the NW Quad west of old Highway 8. 1.05. The Council has caused to be prepared and has investigated the facts with respect thereto, a modified Program for the Project Area and modified Existing Plans for the Existing Districts to reflect increased project costs and increased bonded indebtedness within the Project Area and a Proposed Plan for the Proposed District, defining more precisely the property to be included, the public costs to be incurred and other matters relating thereto. 1.06. The Council has performed all actions required by law to be performed prior to the approval and adoption of the modified Program and Existing Plans and the approval and adoption of the Proposed Plan_ 1.07. The Council hereby determines that it is necessary and in the best interests of the City at this time to approve and adopt the modifications to the Program and Existing Plans, to create the Proposed District and to approve and adopt the Proposed Plan relating thereto. Section 2. Findings. 2.01. The Council hereby finds, determines and declares that the assistance to be provided through the adoption and implementation of the Program, the Existing Plans and the Proposed Plan (collectively the "Plans") is necessary to assure the development and redevelopment of the Project Area. 2.02. The Council hereby finds, determines and declares that the Plans conform to the general plan for the development and redevelopment of the City as a whole in that they are consistent with the City's comprehensive plan. 2.03. The Council hereby finds, determines and declares that the Plans afford maximum opportunity, consistent with the sound needs of the City as a whole, for the development and redevelopment of the Project Area by private enterprise, and it is contemplated that the development or redevelopment thereof will be carried out pursuant to development contracts with private developers. 2.04. The Council hereby finds, determines and declares that the modification, approval and adoption of the Plans is intended and, in the judgment of this Council, its effect will be to promote the purposes and objectives specified in this 2