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TABLE OF <br /> co CONTENTS <br /> �D <br /> •• page <br /> a, <br /> CSECTION I: INTRODUCTION................................................................................... ....................... 1 <br /> 0. SECTION 11: CITY RENEWAL EFFORTS................................................................. ......................... 1 <br /> tJ SECTION III: TAX INCREMENT FINANCING........................................................ .........................2 <br /> ,g SECTION IV: REDEVELOPMENT PROJECT AREA.............................................. ..................... 11 <br /> 4 A. Boundary Delineation ......................................................................................... . ..................... 11 <br /> •• B. Statutory Requirements/Findings................ ............. 11 <br /> 0 SECTION V: BASIS FOR ELIGIBILITY OF THE AREA AND FINDINGS......... ..................... 12 <br /> Gp <br /> A. Introduction 12 <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....... ..........................................................................1.................... -..13 <br /> 2. Dilapidation —Definition. ............ .................... ..................................................._. .. ..... .._-...........14 <br /> 3. Obsolescence—Definition.........................................................................................�.. ..... .................14 <br /> 4. Deterioration—Definition.........................................................................................G..................... ..15 <br /> S. Illegal Use of Individual Structures—Definition........................................... ........�..........................16 <br /> 6. Presence of Structures Below Minimum Code—Definition ................... .............. ..........................16 <br /> 7. Excessive Vacancies—Definition................................................................. . ..... ..I.................. .......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 Fa ilities— <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 /> 14. Declining Equalized Assessed Value—Definition..................................... 1.........................20 <br /> D. Conclusion of Investigation of Blighting Factors for the Redevelopment Pro�ect Area.......21 <br /> SECTIONVI: THE 'BUT FOR...................................................................................... .....................21 <br /> A. The Decline in Equalized Assessed Value...........................................................F......................22 <br /> B. Vacancy............................................................................................................... ..............I.....22 <br /> C. Deterioration....................................................................................................... .�. ....................22 <br /> D. Reutal Trends..................................................................................................... .�. .................... 22 <br /> E. Growth and Development Outside the Area......................................................j......................23 <br /> F. <br /> G. Analysis n New Development n the City of Decatur and Surrounding Area 23 <br /> and Development t <br /> .....................23 <br /> H. Receptivity of the Marketplace to Development in the Area............................ ...................... 24 <br /> SECTION VII: FINDINGS OF NEED FOR TAX INCREMENT FINANCING.......k...................... 24 <br /> A. Area on the Whole, not Subject to Growth........................................................ 24 <br /> B. Conformance with the City's Comprehensive Plan........................................... 24 <br /> C. Estimated Dates for Completion of the Redevelopment Project...................... ......................24 <br /> I i <br />