Based on the following determinations, the Development Plan is hereby approved and adopted:
(A) The Development Plan and all expenditures therefore constitutes a public purpose;
(B) The Development Plan meets the requirement of Public Act 57 of 2018, being M.C.L.A. § 125.4217(2), as amended;
(C) The proposed method of financing the development is feasible, and the Downtown Development Authority has the ability to arrange the necessary financing;
(D) The proposed development is reasonable and necessary to carry out the purposes of the Act;
(E) The land included within the Development Area to be acquired is reasonably necessary to carry out the purpose of the Development Plan and the Act in an efficient and economically satisfactory manner;
(F) The Development Plan is in reasonable accord with the master plan of the village;
(G) Public services, such as fire and police protection, and utilities, are adequate to service the project area; and
(H) Any changes in zoning, streets, street levels, intersections and utilities proposed are reasonably necessary for the development and for the village.
(Ord. 131, passed 5-26-1992)