(A) Council findings.
(1) The Council hereby finds and determines that the Sycamore Metropolitan Redevelopment Area is an area which, by reason of deterioration of site or other improvements; faulty lot layout in relation to size, inadequate accessibility or usefulness; diversity of ownership; lack of adequate housing facilities; low levels of commercial activities or redevelopment; significant number of commercial or mercantile businesses which have closed or significantly reduced their operations due to economic losses or loss of profit due to operating in the area, low levels of commercial or industrial activity or redevelopment, or any combination of such factors, which substantially impairs and arrests the sound growth and economic health and well-being of the city and the Sycamore Metropolitan Redevelopment Area; constitutes an economic and social burden, is a menace to the public health, safety, morals and welfare in its present condition and use, is a blighted area and is appropriate for a Metropolitan Redevelopment Project(s).
(2) The Council hereby finds that the rehabilitation, conservation, development and redevelopment of and in the Sycamore Metropolitan Redevelopment Area is necessary in the interest of the public health, safety, morals and welfare of the residents of the city.
(3) The Council hereby declares the area identified and attached to Resolution 170-1982 to be the Sycamore Redevelopment Area.
(4) The Agency is hereby authorized and directed to prepare or to cause to be prepared a Metropolitan Redevelopment Plan for the Sycamore Metropolitan Redevelopment Area which, without limitation, shall seek to eliminate the problems created by the blighted area, shall conform to any general plan for the city as a whole, and shall be sufficient to indicate the proposed activities to be carried out or encouraged in the blighted area and the Plan's relationship to definite local objectives respecting land uses, improved traffic patterns and controls, public transportation, public utilities, recreational and community facilities, housing facilities, commercial activities or enterprises, institutional uses, industrial or manufacturing use, and other public improvements.
(Res. 170-1982, approved 9-29-82)