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<br />I <br />n <br /> <br />EXHIBIT A ~ GENERAL FINDINGS <br /> <br />The reasons and facts supporting the findings for the Proposed Plan for the <br />P posed District pursuant to Minnesota Statutes, Section 469,175. Subdivision 3. are as <br />f I ws: <br /> <br /> <br />Finding that the assistance to be provided through the adoption and <br />lementation of the Proposed Plan is necessary to assure the development and <br />evelopment of the Project Area. <br /> <br />The tax increment assistance that will result due to the implementation of the <br />posed Plan is necessary for the proposed project to proceed, Please refer to Exhibit <br />1-0 of the Proposed Plan, <br /> <br />Finding that the Proposed Plan conforms to the general plan for the <br />elopment and redevelopment of the City as a whole in that they are consistent <br />h the City's comprehensive plan. <br /> <br />The Council has reviewed the Proposed Plan and has determined that it conforms <br />he City's Comprehensive Plan. <br /> <br />Finding that the Proposed Plan affords maximum opportunity, consistent <br />h the sound needs of the City as a whole, for the development and <br />evelopment of the Project Area by private enterprise, and it is contemplated that <br />development or redevelopment thereof will be carried out pursuant to <br />elopment contracts with private developers. <br /> <br />Please refer to the attached Exhibit B for specific information relating to the <br />P posed District. <br /> <br />4 Finding that the approval and adoption of the Proposed Plan is intended and. <br />i the judgment of this Council, its effect will be to promote the public purposes <br />a accomplish the objectives specified in the Proposed Plan. <br /> <br />The tax increment that will be generated due to the approval and adoption of the <br />P posed Plan will assist in financing the public improvements and eligible expenses as <br />d ailed in the Proposed Plan, <br /> <br />5 <br /> <br />I II <br /> <br />I', <br />