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93-018
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Resolutions 1993
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93-018
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8/4/2005 12:54:20 PM
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<br />1.04. The Council has caused to be prepared and has <br />investigated the facts with respect thereto, a modified <br />Development Program for Development District No. 1 and modified <br />Tax Increment Financing Plans for Tax Increment Financing <br />Districts No. 1 through No. 19 reflecting increased project costs <br />within Development District No. 1 and proposed Tax Increment <br />Financing Plans for proposed Tax Increment Financing Districts <br />No. 20 and No. 21, defining more precisely the properties to be <br />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. 19 and prior to <br />the approval and adoption of the proposed Tax Increment Financing <br />Plans for proposed Tax Increment Financing Districts No. 20 and <br />No. 21. <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. 19 to reflect <br />increased project costs within Development District No. 1 and to <br />create proposed Tax Increment Financing Districts No. 20 and No. <br />21 and to approve and adopt the proposed Tax Increment Financing <br />Plans relating thereto. <br /> <br />Section 2. Findinqs. <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 />Plans are necessary to assure the development and redevelopment <br />of 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 Plans <br />conform to the general plan for the development and redevelopment <br />of the City as a whole in that they are consistent with the <br />City's 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 Plans afford <br />maximum opportunity consistent with the sound needs of the City <br /> <br />2 <br />
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