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<br />. <br /> <br />. <br /> <br />. <br /> <br />section 2. Findinqs for the Adoption and Approval of the <br />Plans. <br /> <br />2.01. The Council hereby finds that the Plans are in the <br />public interest and that the proposed development would not occur <br />solely through private investment within the reasonably <br />foreseeable future and, therefore, the use of tax increment <br />financing is deemed necessary; that the Plans conform to the <br />general plan for the development or redevelopment of the City as <br />a whole because the anticipated development is in furtherance of <br />long range plans of the City for the development areas; and that <br />the Plans will afford maximum opportunity, consistent with the <br />sound needs of the City as a whole, for the development of the <br />Mounds View Economic Development Project by private enterprise <br />because they will enable the EDA to provide and finance suitable <br />and necessary public inducements. <br /> <br />2.02. The Council further finds that the Plans are intended <br />and, in the judgment of this Council, their effect will be, to <br />promote the public purposes and accomplish the objectives <br />specified in the tax increment financing plans and the Project <br />Plan for the Mounds View Economic Development Project, which are <br />all consistent with the efforts already made for the development <br />of the subject areas. <br /> <br />2.03. The bases, reasons and justifications for the <br />findings made in the Plans and this Resolution include the nature <br />and location of the various properties to be improved, the <br />deficiencies respecting those properties, and the development and <br />redevelopment needs of the city, all of which necessitate tax <br />increment and related public assistance in order to facilitate <br />the desired improvements. <br /> <br />section 3. Approval and Adoption of the Plans. <br /> <br />3.01. The Plans, as presented to the Council on this date, <br />including without limitation the findings and statements of <br />objectives contained therein, are hereby approved, ratified, <br />established, and adopted and shall be placed on file in the <br />office of the City Clerk-Administrator. <br /> <br />Adopted on May 9, 1994, by the Mounds View City Council. <br /> <br />Councilmember moved the adoption of the <br />foregoing resolution, the reading of which was dispensed with by <br />unanimous consent of the Council, and said motion was duly <br />seconded by Councilmember , and upon vote <br />being taken thereon, the following voted in favor thereof: <br /> <br />and the following voted against the same: <br /> <br />whereupon said resolution was declared duly adopted. <br /> <br />?h?n71 1 <br />