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.' . . <br /> , are paid, surplus revenue will be distributed to the taxing <br /> ' districts which have real property in the Redevelopment Project <br /> Area. All taxing districts are, therefore, the beneficiaries of <br /> the redevelopment. The increase in the project area tax base <br /> also helps to minimize the real property tax burden on the <br /> homeowners in the City. <br /> IV. QIIALIFYINa CONDITIONS EBISTING IN THE REDEVELOPMENT <br /> PROJECT AREA <br /> Findincts <br /> The Redevelopment Project Area was studied by personnel from <br /> the City of Decatur to detenaine its qualifications as an <br /> "industrial park conservation area, " as such term is defined in <br /> the Act. It was determined that the area as a whole qualifies as <br /> an "industrial park conservation area, " on the following bases: <br /> 1. The City is a labor surplus municipality. <br /> 2 . The vacant land suitable for use (and herein planned <br /> for redevelopment) as an industrial park, and a <br /> blighted improved area within the Redevelopment Project <br /> Area are or will be zoned industrial. <br /> 3 . The Redevelopment Project Area includes both vacant <br /> land suitable for use as an industrial park (north of <br /> Mound Road) and an adjacent blighted area (south of <br /> Mound Road) , which area qualifies as blighted because <br /> it contains the following eleven (il) blighting <br /> conditions, which are deteminental to the public <br /> health, safety, and welfare of the residents of <br /> Decatur. <br /> A. Aqe• The structures and surface improvements <br /> are 20 to 30 years in age, in general are not <br /> winterized, and are not suitable for industrial <br /> redevelopment. <br /> B. Obsolescence. The structures and surface <br /> improvements are structurally (functionally) and <br /> economically obsolete. The improvements were <br /> constructed, and have been used, exclusively for <br /> an annual county fair and horse stables. They <br /> have no other use, and are even becoming <br /> functionally obsolete for the use intended because <br /> of inadequate utilities, design features, <br /> maintenance, etc. <br /> C. Deterioration. There are numerous physical <br /> deficiencies and improvement disrepairs. In <br /> addition, the internal roadways, walks, parking, <br /> 2 <br />