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tV <br /> 1* <br /> ., (F) The area qualified as a blighted improved area immediately prior to <br /> mbecoming vacant, unless there has been substantial private investment ill the immediately <br /> surrounding area. <br /> SECTION IV <br /> CU <br /> M REDEVELOPMENT PROJECT AREA <br /> A. Boundary Delineation <br /> 0 <br /> o There are a number of factors that were taken into consideration in establishing the boundary of <br /> the Tax Increment Financing Redevelopment Project Area. Planning guidelin s and standards, <br /> as described herein, have been followed in the delineation of the Redevelopment Project Area <br /> boundary, as well as in the preparation of this Redevelopment Plan. In most cases these <br /> standards and guidelines exceed those minimum requirements established by the Act. <br /> Field investigations by Jack B. Teplitz & Associates were made of the Area in order to ascertain <br /> the existence and prevalence of blighting factors. Further, knowledgeable individuals who are <br /> very familiar with the properties in the Area have provided information as to hi tory of the Area <br /> and building interior and exterior conditions. <br /> Based on these investigations and qualification requirements and the determina ion of needs and <br /> deficiencies in the Area, the qualification and the boundary of the Area were det rmined. <br /> The boundary is delineated on the enclosed A-1, entitled Boundary Map. <br /> B. Statutory Requirements/Findings <br /> The following findings are made with respect to establishing the Area: <br /> 1. The Area as a whole meets the statutory requirements as a blighted a a. Further, the <br /> factors necessary to make this finding are present to a meaningful extent and are <br /> reasonably distributed throughout the Area (see Exhibit B-1, entitled Blighting/Factors <br /> For Improved and Vacant Parcels). <br /> 2. The Area exceeds the statutory minimum size of 1-1/2 acres. <br /> 3. The Area is contiguous, and is contained within a single perimeter boundary. <br /> 4. All properties included in the Area will substantially benefit from being included in the <br /> Area. <br /> 5. The Redevelopment Plan conforms to the Comprehensive Plan for the development of <br /> the municipality as a whole as determined by the City Council. <br /> 11 <br />