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TABLE OF CONTENTS <br /> SECTIONI - INTRODUCTION.......................................................................................... 1 <br /> Exhibit A Redevelopment Project Area Boundary...........................................................................2 <br /> SECTION II - BASIS FOR ELIGIBILITY OF THE AREA.......................................................4 <br /> Definitionof a Blighted Area.......................................................................................................4 <br /> Definition of a Conservation Area...............................................................................................8 <br /> Findings......................................................................................................................................10 <br /> Exhibit B:Current Land Uses.......................................................................................................12 <br /> Exhibit C.Existing Conditions(Downtown District).....................................................................13 <br /> Exhibit D.Existing Conditions(Residential Core).........................................................................13 <br /> Exhibit E:Existing Conditions(Millildn UniversityArea)..............................................................14 <br /> Exhibit F:Existing Conditions(Eastern Area)...............................................................................14 <br /> Table A:Summary of Blighting and Conservation Area Factors.....................................................15 <br /> Eligibilityof Improved Parcels...................................................................................................15 <br /> Eligibility of Vacant Parcels .......................................................................................................17 <br /> Table B:Comparison of EAV Growth Rates(2017-2022)..............................................................17 <br /> Exhibit G.Parcel Group EAV Growth Rate Compared to that of the City(2017-2022)..................18 <br /> SECTION III- REDEVELOPMENT PLAN AND PROJECT................................................19 <br /> GeneralLand Uses to Apply.......................................................................................................19 <br /> Objectives...................................................................................................................................19 <br /> Program to be Undertaken to Accomplish Objectives...............................................................20 <br /> Conformance with the Comprehensive Plan and Zoning Ordinance.......................................20 <br /> Exhibit H.General Land Use Plan................................................................................................21 <br /> RedevelopmentProject..............................................................................................................22 <br /> Description of Redevelopment Project Costs............................................................................23 <br /> Table C.Estimated Redevelopment Project Costs..........................................................................27 <br /> SECTION IV-OTHER FINDINGS AND REQUIREMENTS.............................................28 <br /> Area,on the Whole,not Subject to Growth and Development.................................................28 <br /> Table D.FAV Trends(2017-2022)...............................................................................................28 <br /> Would Not be Developed`but for"TIF......................................................................................28 <br /> Assessmentof Financial Impact................................................................................................28 <br /> Estimated Date for Completion of the Redevelopment Project................................................29 <br /> Sourcesof Funds........................................................................................................................29 <br /> Natureand Term of Obligations................................................................................................29 <br /> Most Recent EAV of Properties in the Project Area..................................................................30 <br /> Estimate of Valuation After Redevelopment.............................................................................30 <br /> Fair Employment Practices and Affirmative Action..................................................................30 <br /> Reviewing and Amending the TIF Plan.....................................................................................30 <br /> APPENDIX........................................................................................................................31 <br /> January 19, 2024 Page ii <br />