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The reasons supporting this finding are that: • The Project is located near the major east/west arterial roadway in the City, the development of which has been delayed by the need for storm sewer improvements which tax increment revenues can provide a revenue source for. 4. Public Purpose. The modification of the Development Program for Development District No. 1 and the adoption of Tax Increment Financing Plan for Econcmic Development District No. 1-3 conform in all respects to the requirements of the Act and will help fulfill a need to develop an area of the City which is already built up to provide employment opportunities to improve the tax base, and to improve the general economy of the State and thereby serves a public purpose. 5. Certification. The Auditor of Ramsey County is requested to certify the original assessed value of Economic Development District No. 1-3 as described in the Tax Increment Financing Plan, and to certify in each year thereafter the amount by which the original assessed value has increased or decreased in accordance with the Act; and the Clerk-Adminis- trator is authorized and directed to forthwith transmit this request to the County Auditor in such form and content as the • Auditor may specify, together with a list of all properties within Economic Development District No. 1-3 for which building permits have been issued during the 18 months immediately preceding the adoption of this Resolution. 6. Filing. The Clerk-Administrator is further authorized and directed to file a copy of the Tax Increment Financing Plan for Economic Development District No. 1-3 with the Minnesota Energy and Economic Development Authority. 7. Administration. The administration of Development Dis rict o. is assigned to the Clerk-Administrator who shall from time to time be granted such powers and duties pursuant to Minnesota Statutes, Sections 472A.09 and 472.10 as the City Council may deem appropriate. •