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0a <br /> � The City will monitor the progress of the TIF program and its future impacts on all local <br /> Cu taxing bodies. In the event significant impacts are identified that increase demands for <br /> "q facilities or services in the future, the City will consider utilizing tax increment proceeds, to <br /> 0 the extent they are available, to assist in addressing the needs. <br /> SECTION VIII <br /> = REDEVELOPMENT PLAN <br /> 0 <br /> 0 <br /> x A. Introduction <br /> This section presents the Redevelopment Plan for the Area. Pursuant to Act,when the finding is made <br /> that an area qualifies as either conservation, blighted, combination of conservation and blighted areas, <br /> or industrial park conservation area,a Redevelopment Plan must be prepared. A Redevelopment Plan <br /> is defined in the Act as "the comprehensive program of the municipality for development or <br /> redevelopment intended by the payment of redevelopment project costs to reduce or eliminate those <br /> conditions the existence of which qualified the redevelopment project area as a blighted area or <br /> conservation area or combination thereof or industrial park conservation area, and thereby to enhance <br /> the tax bases of the taxing districts which extend into the Redevelopment Project Area". <br /> B. Proposed General Land Use Plan <br /> The proposed General Land Use Plan for the Redevelopment Project Area is presented on Exhibit F <br /> entitled General Land Use Plan. <br /> All redevelopment projects shall be subject to the provisions of the City of Decatur's Ordinances and <br /> other applicable codes as may be in existence and may be amended from time-to-time. <br /> C. Objective <br /> The objectives of the Redevelopment Plan are: <br /> 1. Reduce or eliminate those conditions which qualify the Area as eligible for tax <br /> increment financing by carrying out the Redevelopment Plan. <br /> 2. Prevent the recurrence of blighting conditions by actions outlined herein. <br /> 3. Enhance the real estate tax base for the City and all other taxing districts which extend <br /> into the Area through the implementation and completion of the activities identified <br /> herein. <br /> 4. Encourage and assist private investment and redevelopment within the Area through <br /> the provision of financial assistance for new development as permitted by the Act. <br /> 5. Improve the overall environment of the Area including public safety and security <br /> measures so as to encourage new investment wherever possible in the surrounding <br /> neighborhood. <br /> 24 <br />