Laserfiche WebLink
TABLE OF <br /> co CONTENTS <br /> 41 <br /> Page <br /> SECTION I: INTRODUCTION................................................................................................................1 <br /> CL SECTION II: CITY RENEWAL EFFORTS...........................................................................................1 <br /> SECTION III: TAX INCREMENT FINANCING..................................................................................2 <br /> V7 SECTION IV: REDEVELOPMENT PROJECT AREA......................................................................11 <br /> 13) <br /> It A. Boundary Delineation..................................................................................................................11 <br /> is <br /> rB. Statutory Requirements/Findings..............................................................................................1 I <br /> 0 SECTION V: BASIS FOR ELIGIBILITY OF THE AREA AND FINDINGS...................................12 <br /> 0 <br /> 4QA. 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.............................................................................................................13 <br /> 2. Dilapidation—Definition.....................................................................................................................14 <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 Facilities— <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 /> D. Conclusion of Investigation of Blighting Factors for the Redevelopment Project Area.......19 <br /> SECTIONVI: THE..................................................................................................................................20 <br /> A. The Decline in Equalized Assessed Value..................................................................................20 <br /> B. Vacancy.........................................................................................................................................21 <br /> C. Deterioration................................................................................................................................21 <br /> D. Rental Trends...............................................................................................................................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 />