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increase greater than ,42,587,698 (the amount in clause b Less the amount in clause c) <br />without tax increment assistance. <br />But -For Analysis <br />Current Market Value 4,853,300 <br />New Market Value - Estimate 51,092,500 <br />Difference 46,239,200 <br />Present Value of Tax Increment 3,651,502 <br />Difference 42,587,698 <br />Value Likely to Occur Without TIF is Less Than: 42,587,698 <br />Finding that the TLC'' Plan for the District conforms to the general plan for the development or <br />redevelopment of the municipality as a whole. <br />The Planning Commission reviewed the TIP Plan and found that the TIP Plan conforms to the general <br />development plan of the City. <br />Finding that the DE Plan fin. the District will afford neaximun opportunity, consistent udth the sound <br />needs optics Cit }, as a whole, fur the development or redevelopment of Development District No. 5 by <br />private enterprise. <br />The project to be assisted by the District will result in increased employment in the City and the State <br />of Minnesota, the renovation of substandard properties, increased tax base of the State and add a high <br />quality development to the City. <br />APPENDIX G -3 <br />34 <br />