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� � , <br /> . <br /> � - <br /> _,, , <br /> , <br /> 1 � 1 � I <br /> f. The estimated date for retirement of obligations, if any, incurred to �' <br /> finance the Redevelopment Project costs shall not be later than twenty (20) ', <br /> years from the effective date of this Ordinance or twenty (20) years from 'i <br /> the date of their issuance. 'I <br /> g. Those incremental tax revenues as provided by statute and <br /> ordinance will be exclusively used for the development of the i <br /> Redevelopment Project Area. I <br /> h. The Redevelopment Project Area would not reasonably be ', <br /> developed without the use of such incremental tax revenues. I <br /> Section 2. The Redevelopment Plan and Redevelopment Project which were the subject ! <br /> matter of the Public Hearing held April 14, 1997, are hereby adopted and approved. A copy of j <br /> the Redevelopment Plan and the Redevelopment Project is attached to and made a part of this ' <br /> Ordinance. <br /> Section 3. All ordinances and parts of ordinances in conflict herewith are hereby <br /> repealed. <br /> Section 4. This Ordinance shall be in full force and effect from and after its passage and I <br /> approval as provided by law. , <br /> PRESENTED, PASSED, APPROVED AND RECORDED this Sth day of May, 1997. II <br /> _----'_".----� <br /> T M. HOWL I'! <br /> MAYO I <br /> ATTEST: I <br /> ` <br /> �-C, � '\ � ° �,�S ' <br /> CITY CLERK <br />