(A) The development plan included in the amended plan meets the requirements set forth in section 17 of Act 197 of 1975, and the tax increment financing plan meets the requirements set forth in section 14 of Act 197 of 1975. (See § 35.03 for definition.)
(B) The proposed method of financing the development and is feasible, and the Downtown Development Authority has the ability to arrange financing.
(C) The development is reasonable and necessary to carry out the purposes of the Act, as amended.
(D) The land included within the development area to be acquired is reasonably necessary to carry out the purposes of Act 197 of 1975.
(E) The development plan is in reasonable accord with the master plan of the village.
(F) Public services, such as fire and police protection and utilities, are or will be adequate to service the development area.
(G) Changes in zoning, streets, street levels, intersections, and utilities, to the extent required by the amended plan are reasonably necessary for the project and for the village.
(Ord. passed 10-7-2013)