The City Commission, having recognized that there has been deterioration of property value in the Downtown District and in the Downtown Development Area of the City, and having reviewed the Development Plan and Tax Increment Financing Plan (“the Original Plan”) of the Downtown Development Authority of the City (“the Authority”) and the amendments thereto proposed by the Authority and on file at the office of the City Clerk as Exhibit A (the Original Plan and the amendments herein referred to as “the Plan”), and having held a public hearing regarding the Plan, finds as follows:
(A) The Plan constitutes a public purpose and is in the best interests of the City and the residents of the City in general.
(B) The Plan meets the mandatory requirements of Section 17(2) of Act 197 of 1975, as amended (“the Act”).
(C) The proposed methods of financing the projects described in the Plan are feasible and the Authority has the ability to arrange the financing necessary to accomplish the projects.
(D) The development described in the Plan is reasonable and necessary to carry out the purposes of the Act.
(E) Any land to be acquired by the Authority or the City under the Plan is reasonably necessary to carry out the purposes of the Act in an efficient and economically satisfactory manner.
(F) The Plan is in reasonable accord with the Master Plan of the City.
(G) Services such as fire and police protection and utilities will be adequate to serve the Downtown Development Area after development as provided in the Plan.
(H) Any changes in zoning, streets, street levels, intersections and utilities contemplated in the Plan are reasonably necessary for the development of the Downtown District and for the City.
(Ord. 277-9-89, passed 9-5-89)
Cross-reference:
Downtown Development Authority, see §§ 33.100 through 33.104