(A) The Village Council has taken into consideration the findings and recommendations of the Development Area Citizens Council.
(B) The Development Plan and Tax Increment Financing Plan (“plan”) meet the requirements set forth in the Public Act 197 of 1975, being M.C.L.A. §§ 125.1651 - 125.1681.
(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 Public Act 197 of 1975, being M.C.L.A. §§ 125.1651 - 125.1681.
(E) The land included within the development area to be acquired, if any, is reasonably necessary to carry out the purposes of the plan and the purposes of the Public Act 197 of 1975, being M.C.L.A. §§ 125.1651 - 125.1681, in an efficient and economically satisfactory manner.
(F) The development plan is in reasonable accord with the master plan of the village.
(G) Public services, such as fire and police protection and utilities, are or will be adequate to service the project 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 village.
(Ord. 259, passed 5-18-2006)