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3. This Council has previously found that the Kenzie Terrace Tax • <br /> Increment District is a redevelopment district within the scope of Minnesota <br /> Statutes, Section 469.174, subdivision 10, and that the Chandler Place Tax Increment <br /> District is a housing district within the scope of Minnesota Statutes Section 469.174, <br /> subdivision 11, and the 1996,Amendment will not.change such prior findings. The <br /> 1996 Amendment further serves the original goals and purposes of the City and <br /> HRA in approving the Redevelopment Plans, the Redevelopment Projects and the <br /> Financing Plans, by redeveloping property in the City and by providing needed <br /> facilities which will be of benefit to all residents of the City, including those residing <br /> in the area subject to the Redevelopment Plans, prior to the inclusion of the <br /> additional.property by the 1996 Amendment. <br /> 4. Pursuant to Minnesota Statutes, Section 469.175, subdivision 4, it is <br /> hereby found that: <br /> (A) Kenzie Terrace Tax Increment District, is a <br /> redevelopment district, as defined in Minnesota Statutes, <br /> Section 469.174, subdivision 10, and Chandler Place Tax <br /> Increment District is a housing district, as defined in <br /> Minnesota Statutes, Section 469.174, subdivision 11, for <br /> the reasons set forth in previous findings by this Council, <br /> and the 1996 Amendment does not alter these previous S <br /> findings. <br /> (B) The proposed development to be undertaken in <br /> accordance with the Redevelopment Plans, as amended by <br /> the Master Modification and 1996 Amendment, in the <br /> opinion of this Council would not occur solely through <br /> private,investment within the reasonably foreseeable <br /> future and therefor the use of tax increment financing is <br /> deemed necessary. <br /> (C) The Financing Plans, as amended by the Master , <br /> Modification and 1996 Amendment, conforms to the <br /> general plan for the development of the City as a whole. <br /> (D) The Financing Plans, as amended by the Master <br /> Modification and the 1996 Amendment, will afford <br /> maximum opportunity consistent with the sound needs <br /> of the City as a whole for the development of the area <br /> subject to Redevelopment Plans by private enterprise. <br /> -2- <br />