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<br />.' <br /> <br />4. Finding that the TIF Plan will afford maximum opportunity, <br />consistent with the sound needs of the City as a whole for the <br />development or redevelopment of Development District No. 1 by <br />private enterprise. <br /> <br />The project to be developed, a total of 162,500 square feet of <br />office/warehouse/manufacturing, will be constructed in 3 phases: <br />Phase 1 - 42,500 square feet with a market value of $1.70 million; <br />phase 2 - 80,000 square feet with a market value of $2.40 million; <br />Phase 3 - 40,000 square feet with a market value of $1.32 million; <br />with a total estimated market value of approximately $5.4 million. <br /> <br />6 <br />