The board of commissioners of Dare County, pursuant to the petition set forth in section 1, shall by resolution, duly adopted, find the following facts:
(a) That the establishment, maintenance, improvement or development of the waterway project designated in such petition is necessary and desirable to the economic growth of the community; that it will enhance the livelihood and earning power of the citizens of the community; and that the project will encourage investment of capital within the community and county with subsequent increase in value of taxable properties within the county;
(b) That no substantial damage shall accrue to lands and adjacent waterways by reason of such establishment, maintenance, improvement or development of the proposed project;
(c) That there has been acquired sufficient rights-of-way with a minimum width of sixty (60) feet for access to and from such project to the public roads and state highways; and that sufficient lands have been acquired and dedicated to public use for the establishment, maintenance, improvement or development of the proposed project;
(d) That the citizens or residents of the county or community affected by such project have provided one-half of the funds necessary for the proposed project. Provided, however, that there may be included in the community's share of such project the fair market value of lands acquired, based on the valuations appearing of record for tax purposes on the county tax books, and the value of such labor and materials or supplies which may have been donated and accepted by the contractor awarded the proposed project.
(Sess. Laws 1959, ch. 825, § 2.)