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• improvements and (ii) more than 50% of the buildings (not including outbuildings) are <br /> structurally substandard to a degree requiring substantial renovation or clearance. The <br /> Amendment to the Financing Plan does not change such prior findings of the Council. <br /> 4. Based upon the reasons and supporting facts set forth in the Original <br /> Redevelopment Plan and Financing Plan, pursuant to Minnesota Statutes, Section 469.175, <br /> subdivision 3, this Council has hereby found that: <br /> (A)For reasons stated in Section 3 of this Resolution, the District is a <br /> Redevelopment District as defined in Minnesota Statutes, Section 469.174, <br /> subdivision 10. <br /> (B) The proposed redevelopment to be undertaken in accordance with the <br /> Original Redevelopment Plan in the opinion of this Council would not occur <br /> solely through private investment within the reasonably foreseeable future. <br /> (C) The Financing Plan conforms to the general plan for the development <br /> of the City as a whole. <br /> (D) The Financing Plan will afford maximum opportunity consistent with <br /> the sound needs of the City as a whole for the development of the District by <br /> private enterprise. <br /> • (E) The City elects the method of tax increment computation set forth in <br /> Minnesota Statutes, Section 469.174, subdivision 3, clause (a). <br /> The Amendment to the Financing Plan does not change such prior findings of this Council. <br /> Dated the 11`h day of December 2000. <br /> .v4�t--/ <br /> Mayor <br /> Attest: <br /> City Clerk <br /> Gam_ <br /> City Manager <br /> • <br /> 2 <br />