2013-37 APPROVING THE GRAND AVENUE TAX INCREMENT REDEVELOPMENT PLAN

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I �D a (13) The total equalized assessed value of the proposed redevelopment project area has .. declined for 3 of the last 5 calendar years for which information is available or is increasing at an annual rate that is less than the balance of the unicipality for 3 En of the last 5 calendar years for which information is available o is increasing at fa an annual rate that is less than the Consumer Price lndexJ for All Urban NConsumers published by the United States Department of Labor or successor agency for 3 of the last 5 calendar years for which information is vaitable. .. The statutory definition of a blighted area is as follows: Y 0 o On and after November 1; 1999, "blighted area" means any improv d or vacant area within the boundaries of a redevelopment project area located within th territorial limits of the municipality where: (1) If improved, industrial, commercial, and residential buildings or improvements are detrimental to the public safety, health, or welfare because of a coil bination of 5 or more of the following factors, each of which is (i) present, witp that presence documented, to a meaningful extent so that a municipality may reasonaIbly find that the factor is clearly present within the intent of the Act and (ii) reaso_r{ably distributed throughout the improved part of the redevelopment project area: (A) Dilapidation. An advanced state of disrepair or neglect of necessary repairs to the primary structural components of buildings or improvements in such a combination that a documented building condition analysis determines 1hat major repair is required or the defects are so serious and so extensive that the buildings must be removed. (B) Obsolescence. The condition or process of falling into dksuse. Structures have become ill-suited for the original use. (C) Deterioration, With respect to buildings, defects includin�, but not limited to, major defects in the secondary building components such as doors, w ndovs, porches, gutters and downspouts, and fascia. With respect to surface improvements, that the condition of roadways, alleys, curbs, gutters, sidewalks, off-street park ng, and surface storage areas evidence deterioration, including, but not limited to, surface cracking, crumbling, potholes, depressions; loose paving material, and weeds protruding through paved surfaces, (D) Presence of structures below minimum code standards, A1 structures that do not meet the standards of zoning, subdivision, building, fire, and oth�r governmental codes applicable to property, but not including housing and property maitenance codes, (E) Illegal use of individual structures. The use of stnucture in violation of applicable federal, State, or local laws, exclusive of those applicable to the presence of structures below minimum code standards. 7