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` TABLE OF <br /> CU CONTENTS <br /> v4 <br /> aD <br /> .. Page <br /> n. <br /> GI SECTION I: INTRODUCTION................................................................................... ............... .I <br /> .. .. ........ <br /> ro SECTION II: CITY RENEWAL EFFORTS................................................... ..........................1 <br /> SECTION III: TAX INCREMENT FINANCING....................................................... ..........................2 <br /> 94 SECTION IV: REDEVELOPMENT PROJECT AREA.....................................................................I1 <br /> N <br /> A. Boundary Delineation......................................................................................... ........................11 <br /> .. B. Statutory Requirements/Findings..................................................................... ........................11 <br /> .7C SECTION V: BASIS FOR ELIGIBILITY OF THE AREA AND FINDINGS.......... ........................12 <br /> 0 <br /> 0 A. Introduction.................................................................................................................................12 <br /> M <br /> B. Investigation and Analysis of Blighting Factors............................................... ........................12 <br /> C. Analysis of Conditions in the Area—Improved Parcels.................................. ........................13 <br /> 1. Age of Structures—Definition................................................................................ ............................13 <br /> 2. Dilapidation—Definition ........................................................................................ ............................13 <br /> 3. Obsolescence—Definition....................................................................................... ............................14 <br /> 4. Deterioration—Definition....................................................................................... ............................15 <br /> 5. Illegal Use of Individual Structures—Definition.................................................. ............................16 <br /> 6. Presence of Structures Below Minimum Code—Definition................................ ............................16 <br /> 7. Excessive Vacancies—Definition............................................................................ ............................16 <br /> 8. Lack of Ventilation,Light or Sanitary Facilities—Definition............................. ............................17 <br /> 9. Inadequate Utilities—Definition............................................................................ ............................17 <br /> 10. Excessive Land Coverage and Overcrowding of Structures and Community F icilities— <br /> Definition.................................................................................................................. ............................17 <br /> 11. Deleterious Land Use or Layout—Definition....................................................... ............................18 <br /> 12. Lack of Community Planning—Definition........................................................... ............................18 <br /> 13. Environmental—Definition.................................................................................... ............................19 <br /> 14. Declining Equalized Assessed Value—Definition................................................. ............................19 <br /> C. Analysis of Conditions in the Area—Improved Parcels..........................................................20 <br /> D. Conclusion of Investigation of Blighting Factors for the Redevelopment Project Area.......20 <br /> SECTIONVI: THE 'BUT FOR..................................................................................... .........................20 <br /> A. The Decline in Equalized Assessed Value........................................................ .........................21 <br /> B. Vacancy............................................................................................................... .........................21 <br /> C. Deterioration...................................................................................................... .........................21 <br /> E. Growth and Development Outside the Area.................................................. .........................21 <br /> F. Growth and Development Inside the Area..................................................... .........................21 <br /> G. Analysis of New Development in the City of Decatur and Surrounding Areas......................22 <br /> H. Receptivity of the Marketplace to Development in the Area........................ ..........................22 <br /> SECTION VII: FINDINGS OF NEED FOR TAX INCREMENT FINANCING ... ..........................22 <br /> A. Area on the Whole, not Subject to Growth..............................................................................22 <br /> B. Conformance with the City's Comprehensive Plan....................................... ..........................23 <br /> C. Estimated Dates for Completion of the Redevelopment Project.................. ..........................23 <br /> D. Would Not Be Developed.................................................................................. ..........................23 <br /> E. Assessment of Financial Impact...................................................................... ..........................23 <br /> i <br />