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foreseeable future and therefor the use of tax increment financing is <br /> deemed necessary. <br /> (C) The Financing Plan conforms to the general plan for the <br /> development of the City as a whole. <br /> (D) The Financing Plan will afford maximum opportunity <br /> consistent with the sound needs of the City as a whole for the <br /> development of the District by private enterprise. <br /> (E) The City elects the method of tax increment computation set <br /> forth in Minnesota Statutes, Section 469.174, subdivision 3, clause (a). <br /> Passed by the Council this 23rd day of March, 1993. <br /> Gucv�P �%GtGCiC.C(J <br /> Mayor <br /> Attest: u <br /> Ci Clerk <br /> • <br /> City Mana r <br /> The motion for the adoption of the foregoing resolution was duly <br /> seconded by Member Marks , and upon vote being taken <br /> thereon, the following voted in favor thereof: <br /> Wagner, Marks, Enrooth, Ranallo, Fleming <br /> and the following voted against the same: <br /> none <br /> whereupon said resolution was declared duly passed and adopted, and was signed by <br /> the Mayor, whose signature was attested by the City Clerk. <br /> • -3- <br />