(a) The Development Area Citizens Council has reviewed the Development Plan and Tax Increment Financing Plan (hereinafter "the Plan") for the Development Area in the Downtown District in the City, and, after discussions with the Downtown Development Authority concerning its findings and recommendations, has approved the Plan.
(b) The Development Plan included in the Plan meets the requirements set forth in Section 17(2) of Act 197 of the Public Acts of Michigan, 1975, and the tax increment financing plan meets the requirements set forth in Section 14(2) of the Act.
(c) The proposed method of financing the development is feasible and the Authority has the ability to arrange the financing.
(d) The 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 purposes of the Act.
(f) The Development Plan is in reasonable accord with the Master Plan of the City.
(g) Public services, such as fire and police protection and utilities, are or will be adequate to serve the Development Area.
(h) Changes in zoning, streets, street levels, intersections, and utilities, to the extent required by the Plan, are reasonably necessary for the project and for the City.
(Ord. 543. Passed 5-6-91.)