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Appendix D and the chart below) <br />c. The present value of tax increments from the District for the maximum duration of the district <br />permitted by the TIF Plan is estimated to be $262,481 (see Appendix D and the chart below). <br />d. Even if some development other than the proposed development were to occur, the Council <br />finds that no alternative would occur that would produce a market value increase greater than <br />$2,449,519 (the amount in clause b less the amount in clause c) without tax increment <br />assistance. <br />But -For Analysis <br />Current Market Value 438,000 <br />New Market Value - Estimate 3,150,000 <br />Difference 2,712,000 <br />Present Value of Tax Increment 262,481 <br />Difference 2,449,519 <br />Value Likely to Occur Without TIF is Less 2,449,519 <br />Than: <br />3. Finding that the TIF 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 TIF Plan and found that the TIF Plan conforms to the general <br />development plan of the City. <br />4. Finding that the TIF Plan for the District will afford maximum opportunity, consistent with the sound <br />needs of the City as a whole, for 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 />Through the implementation of the TIF Plan, the City will increase the availability of safe and decent <br />life -cycle housing in the City. <br />APPENDIX G -2 <br />