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<br />" <br /> <br />Increment Financing Plans for Tax Increment Financing Districts <br />No. 1 through No. 23 reflecting increased geographic area and <br />increased project costs within Development District No. 1 and a <br />proposed Tax Increment Financing Plan for proposed Tax Increment <br />Financing District No. 24, defining more precisely the properties <br />to be included, the public costs to be incurred and other matters <br />relating thereto. <br /> <br />1.05. The Council has performed all actions required by law <br />to be performed prior to the modification, approval and adoption <br />of the modified Development Program and modified Tax Increment <br />Financing Plans relating to Development District No. 1 and Tax <br />Increment Financing Districts No. 1 through No. 23 and prior to <br />the approval and adoption of the proposed Tax Increment Financing <br />Plan for proposed Tax Increment Financing District No. 24. <br /> <br />1.06. The Council hereby determines that it is necessary <br />and in the best interests of the City at this time to modify, <br />approve and adopt the modified Development Program and modified <br />Tax Increment Financing Plans for Development District No. 1 and <br />Tax Increment Financing Districts No. 1 through No. 23 to reflect <br />increased geographic area and increased project costs within <br />Development District No. 1 and to create proposed Tax Increment <br />Financing District No. 24 and to approve and adopt the proposed <br />Tax Increment Financing Plan relating thereto. <br /> <br />Section 2. Findinas. <br /> <br />2.01. The Council hereby finds, determines and declares <br />that the assistance to be provided through the adoption and <br />implementation of the modified Development Program, modified Tax <br />Increment Financing plans and proposed Tax Increment Financing <br />Plan are necessary to assure the development and redevelopment of <br />Development District No.1. <br /> <br />2.02. The Council hereby finds, determines and declares <br />that the modified Development Program, modified Tax Increment <br />Financing Plans and proposed Tax Increment Financing Plan conform <br />to the general plan for the development and redevelopment of the <br />City as a whole in that they are consistent with the City's <br />comprehensive plan. <br /> <br />2.03. The Council hereby finds, determines and declares <br />that the modified Development Program, modified Tax Increment <br />Financing Plans and proposed Tax Increment Financing Plan afford <br />maximum opportunity consistent with the sound needs of the City <br />as a whole for the development and redevelopment of Development <br />District No. 1 by private enterprise and it is contemplated that <br />the development and redevelopment thereof will be carried out <br />pursuant to redevelopment contracts with private developers. <br /> <br />2 <br />