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<br />t <br /> <br />1.03. The Council has determined that the acquisition <br />of the real property described in Attachment A hereto (the <br /> <br />"Property") is necessary to accomplish the purposes of <br /> <br />Minnesota Statutes, Sections 469.124-.134, Development <br />District No.1, and the Modified Development Program for <br /> <br />said District. These purposes include: providing an <br />impetus for commercial development in the City; increasing <br />employment; restoring and improving the tax base and tax <br /> <br />. <br />revenue generating capacity of the Development District to <br /> <br />better enable the City, and other taxing units to pay for <br /> <br />required governmental services and programs; realizing <br /> <br />comprehensive planning goals; removing blighted conditions; <br /> <br />revitalizing the property within the Development District to <br /> <br />create an attractive, comfortable, convenient and efficient <br /> <br />area for commercial and related uses; promoting the prompt <br /> <br />development of property in the Development District that is <br /> <br />not now in productive use and doing so in a manner <br /> <br />consistent with the City's comprehensive plan to promote and <br />secure development of other land in the City; promoting the <br /> <br />concentration of new desirable residential, commercial, <br /> <br />office and other development in a manner consistent with the <br />Development District's accessibility and prominence in the <br /> <br />City. <br />