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. , ~ L._ the development of Development District NO.1, and has caused to be prepared proposed Tax Increment Financing Plans defining more precisely the property to be included in Tax Increment Financing Districts No. 9 and No. 10, respec- tively, and other matters relating thereto. 1.03. The City has performed all actions required by law to be performed prior to the enlargement of Development District No.1, and the amendment of Tax Increment Financing Plans for Tax Increment Financing Districts No. 1 through No.8, the establishment of Tax Increment Financing Dis- tricts No. 9 and No. 10 and the adoption of the amended Modified Development Program and proposed Tax Increment Financing Plans relating thereto, including, but not limited to, notification of Ramsey County and School District No. 62l having taxing jurisdiction over the property to be in- cluded in Tax Increment Financing Districts No. 9 and No. lO, a review by the City Planning Commission of the proposed amendment of the Modified Development Program for Develop- ment District No. 1 and the proposed Tax Increment Financing Plans for Tax Increment Financing District No. 9 and No. 10 and the holding of a public hearing upon published and mailed notice as required by law. Section 2. Findings for the Modification of Development District No.1. 2.01. The Council hereby finds that the modification by enlargement of Development District No. 1 is intended and, in the judgment of this Council, its effect will be, to provide an impetus for commercial and industrial development in the City, to increase employment, and otherwise promote certain public purposes and accomplish certain objectives as specified in the Modified Development Program. Section 3. Findings for the Establishment of Tax Incre- ment Financing District No.9. 3.01. The Council hereby finds that Tax Increment Financing District No. 9 consists of a project intended for occupancy, in part, by persons or families of low and moder- ate income, as defined in Minnesota Statutes, Chapter 462A. Based on this finding, the City Council has classi- fied Tax Increment Financing District No. 9 as a housing district as defined by Minnesota Statutes, Section 273.73, Subdivision 11. 3.02. The Council further finds that the proposed de- velopment, in the opinion of the Council, would not occur solely through private investment within the reasonably foreseeable future and, therefore, the use of tax increment financing is deemed necessary: that the Tax Increment - 2 -