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b. If the proposed development occurs, the total increase in market value will be <br />$11,426,500 (see Appendix D and F of the TIF Plan) <br /> <br />c. The present value of tax increments from the District for the maximum duration of the <br />district permitted by the TIF Plan is estimated to be $216,829 (see Appendix D and F of <br />the TIF Plan). <br /> <br />d. Even if some development other than the proposed development were to occur, the <br />Council finds that no alternative would occur that would produce a market value increase <br />greater than $1,783,171 (the amount in clause b less the amount in clause c) without tax <br />increment assistance. <br /> <br />3. Finding that the TIF Plan for Tax Increment Financing District No. 7-2 conforms to the general <br />plan for the development or redevelopment of the municipality as a whole. <br /> <br />The Planning Commission reviewed the TIF Plan and found that the TIF Plan conforms to the <br />general development plan of the City. <br /> <br />4. Finding that the Tax Increment Financing Plan for Tax Increment Financing District No. 7-2 will <br />afford maximum opportunity, consistent with the sound needs of the City as a whole, for the <br />development of Development District No. 7 by private enterprise. <br /> <br />The project to be assisted by the District will result in increased employment in the City and the State of <br />Minnesota, increased tax base of the State, and add a high-quality development to the City.