§ 152.12 DEVELOPMENT AND TAX INCREMENT FINANCING PLAN.
   (A)   Findings.
      (1)   The Township Board has taken into consideration the findings and recommendations of the Citizens Council.
      (2)   The plan amendment meets the requirements set forth in Public Act 57 of 2018.
      (3)   The proposed method of financing the development is feasible and the Authority has the ability to arrange the financing.
      (4)   The development is reasonable and necessary to carry out the purposes of Public Act 57 of 2018.
      (5)   The land included within the development area to be acquired, if any, is reasonably necessary to carry out the purposes of the plan amendment and the purposes of Public Act 57 of 2018 in an efficient and economically satisfactory manner.
      (6)   The development plan portion of the plan as amended by the plan amendment is in reasonable accord with the master plan of the township.
      (7)   Public services, such as fire and police protection and utilities, are or will be adequate to service the project area.
      (8)   Changes in zoning, streets, street levels, intersections and utilities, to the extent required by the plan amendment, are reasonably necessary for the project and for the township.
   (B)   Public purpose. The Township Board hereby determines that the plan amendment and the plan, as amended, constitute a public purpose.
   (C)   Best interest of the public. The Township Board hereby determines that it is in the best interests of the public to proceed with the plan amendment in order to halt property value deterioration, to increase property tax valuation, to eliminate the causes of the deterioration in property values and to promote growth in the downtown district.
   (D)   Approval and adoption of plan amendment. The plan amendment is hereby approved and adopted. A copy of the plan amendment and all later amendments thereto shall be maintained on file in the Township Clerk’s office.
(Ord. 21, passed 9-7-2010; Ord. 38, passed 6-2-2020)