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<br />II <br />,: <br /> <br />!. <br /> <br />1.04. The Council has performed all actions required by law to be performed <br />: prior to the approval and adoption of the modifications to the Program and Existing TIF <br />: Plans. <br />i I <br /> <br />1.05. The Council hereby determines that it is necessary and in the best <br />interests of the City at this time to approve and adopt the modifications to the Program <br />,and the Existing TIF Plans. <br /> <br />Section 2. Findings. <br /> <br />2.01. The Council hereby finds, determines and declares that the assistance to <br />: be provided through the adoption and implementation of the modified Program and <br />i modified Existing TIF Plans (collectively the "Plans") are necessary to assure the <br />. I development and redevelopment of the Project Area. <br /> <br />2.02. The Council hereby finds, determines and declares that the Plans <br />conform to the general plan for the development and redevelopment of the City as a <br />whole in that they are consistent with the City's comprehensive plan. <br /> <br />2.03. The Council hereby finds, determines and declares that the Plans afford <br />: maximum opportunity consistent with the sound needs of the City as a whole for the <br />: development and redevelopment of the Project Area by private enterprise, and it is <br />contemplated that the development and redevelopment thereof will be carried out <br />pursuant to development contracts with private developers. <br /> <br />2.04. The Council hereby finds, determines and declares that the modification, <br />; approval and adoption of the Plans is intended and, in the judgment of this Council, its <br />; effect will be to promote the purposes and objectives specified in this Section 2 and <br />: otherwise promote certain public purposes and accomplish certain objectives as <br />! specified in the Plans. <br /> <br />Section 3. Approvals and Adoptions. <br /> <br />3.01. The modifications to the Program reflecting increased project costs and <br />, : increased bonding authority within the Project Area are hereby approved and adopted <br />by the Council of the City. <br /> <br />3.02. The modifications to the Existing TIF Plans reflecting increased project <br />; costs and increased bonding authority within the Project Area are hereby approved <br />I' and adopted by the Council of the City. <br /> <br />2 <br />