Based on a public hearing held on November 7, 1983 in compliance with the provisions of Act 197, the City Council hereby determines that:
(A) The development plan constitutes a public purpose.
(B) The tax increment financing plan constitutes a public purpose.
(C) The development and tax increment financing plan meets the requirements set forth in § 17(2) of Act 197.
(D) The proposed method of financing the development is feasible and the Authority has the ability to arrange the financing.
(E) The development is reasonable and necessary to carry out the purposes of this Act.
(F) The land included within the development area to be acquired is reasonably necessary to carry out the purposes of the plan and of this Act in an efficient and economically satisfactory manner.
(G) The development plan is in reasonable accord with the master plan of the city.
(H) Public services, including fire and police protection and utilities, are adequate to service the project area.
(I) Changes in zoning, streets, street levels, and utilities are reasonably necessary for the project.
(‘83 Code, § 33.118) (Ord. 83-011, passed 11-21-83)