Following a duly noticed public hearing on September 29, 1992, on the Village of Birch Run Downtown Development Authority Development and Tax Increment Financing Plan (the Plan), held pursuant to the provisions of Public Act 197 of 1975, being M.C.L.A. §§ 125.1651 through 125.1680, as amended (the Act) and having made the findings set forth below, the Village Council has found and determined that the plan constitutes and seeks to accomplish a public purpose, and that the plan is consistent with and seeks to accomplish the intent and purpose declared by the Village Council for the establishment of the Village of Birch Run Downtown Development Authority (the Authority) pursuant to §§ 153.20 through 153.33.
(A) The plan is consistent with §§ 14 and 15 of the Act.
(B) The plan meets the requirements set forth in § 17(2) of the Act.
(C) The proposed method of financing the development described in the plan is feasible and the Authority has the ability to arrange the financing.
(D) The development described in the plan is reasonable and necessary to carry out the purposes of the Act.
(E) The development plan is in reasonable accord with the master plan of the village.
(F) Public services, such as fire and police protection and utilities, are or will be adequate to service the project area.
(G) Changes in zoning, streets, street levels, intersections and utilities are reasonably necessary for the project and for the village.
(H) The findings and recommendations of the Development Area Citizens Council on the plan have been considered.
(1992 Code, § 122.001) (Ord. 3-92, passed 10-26-1992)