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It is hereby found and determined that:
A. The project area as defined in the southeast industrial plan is a deteriorated or a deteriorating area as defined in the Idaho urban renewal law of 1965 1 ("law") and the local economic development act 2 ("act") and qualifies as an eligible urban renewal area under the law and act, including under the act and law a deteriorated or deteriorating area consisting of open land.
B. The rehabilitation, conservation, and redevelopment of the project area pursuant to the southeast industrial plan is necessary in the interest of public health, safety, and welfare of the residents of the city of Jerome.
C. There continues to be a need for the agency to function in the city of Jerome.
D. The southeast industrial plan conforms to the comprehensive plan of the city of Jerome.
E. The southeast industrial plan gives due consideration to the provision of adequate park and recreation areas and facilities that may be desirable for neighborhood improvement (recognizing the primary commercial and industrial component of the southeast industrial plan, the need for overall public improvements), and shows consideration for the health, safety, and welfare of any residents or businesses in the general vicinity of the project area as defined by the southeast industrial urban renewal plan.
F. The southeast industrial plan affords maximum opportunity consistent with the sound needs of the city as a whole for the rehabilitation and redevelopment of the project area by private enterprises.
G. The southeast industrial plan provides a feasible method for relocation of any displaced families residing within the project area.
H. The collective base assessment roll of the southeast industrial area and the south Lincoln project area do not exceed ten percent (10%) of the assessed value of the city of Jerome. (Ord. 986 §1, 2005)
1. IC title 50, ch. 20.
2. IC title 50, ch. 29.