The City Council, in reviewing the plan has found:
(A) The amended development plan meets the requirements set forth in Public Act 197 of 1975, § 17(2), being M.C.L.A. §§ 125.1651 through 125.1681, and the amended tax increment financing plan meets the requirements set forth in Public Act 197 of 1975, § 14(2), being M.C.L.A. §§ 125.1664;
(B) The proposed method of financing the amended development plan is feasible, and the authority has the ability to arrange the financing;
(C) The amount of captured assessed value estimated to result from adoption of the amended development plan is reasonable;
(D) The property included in the development area that could be acquired pursuant to the development plan is reasonable and necessary to carry out the purposes of the amended development plan and the purposes of the act in an efficient and economically satisfactory manner;
(E) The development plan is in reasonable accord with the master plan of the city;
(F) Public services such as police protection, fire and utilities are, or will be, required to service the development area; and
(H) Changes in zoning, streets, street levels, intersections and utilities (to the extent required by the plan) are reasonably necessary.
(Ord. 516, passed 12-13-2005; Am. Ord. 531, passed 5-22-2007)