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2 _ But for, tax increment financing, the redevelopment <br /> • would not occur, because of the poor soil <br /> conditions. <br /> The studies which have been completed which indicate that <br /> development would not cocur• but for• the use of tax <br /> increment are as follows: <br /> 1 . Evergreen Townhouses in St. Anthony Village, June <br /> 16, 1988. <br /> 2. Soil Analysis. <br /> G . ADM I N I S YRAI'I VE PRUCEDURES AND REQUIREMENTS <br /> 1. Modification of the TIF Plan or- Change in <br /> • Boundaries of the TIF District <br /> Pursuant to Minnesota Statutes, any modification of <br /> this TIF Plan which would: provide for any <br /> reduction or enlargement of the geographic area of <br /> the TIF District; increase the amount of bonded <br /> indebtedness to be incurred; increase or, decrease <br /> the amount of interest on the debt to be <br /> capitalized; increase the portion of captured <br /> assessed value to be retained by the City; <br /> increase the total estimated tax increment <br /> expend itu,r•es; or• the designation of additional <br /> property to be acquired may only be approved by the <br /> City Council and HFA after notice to the public, <br /> discussion with the planning commission, the <br /> holding of a public hearing, and the making of <br /> findings required for the approval for, the TIF plan <br /> itself . <br /> 14. <br />