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()- <br />TAXINCREMENTFINANCINGHOUSINGDISTRICTNO.18 <br />- <br />ARTICLEIIMODIFICATIONTODEVELOPMENTPROGRAM <br />SECTION2.01OVERVIEW <br />TheDevelopmentDistrictandtherelatedDevelopmentProgramserveasatooltoachievethe <br />objectivesdescribedinSection2.02.TheDevelopmentDistrictservesastheProjectAreaforthe <br />describestheCity’sobjectivesforthedevelopmentofthisareaandtheuseoftaxincrement <br />SECTION2.02STATEMENTOFOBJECTIVES <br />pursuanttotheDevelopmentDistrictActisnecessaryandinthebestinterestsoftheCity <br />anditsresidentsandisnecessarytogivetheCitytheabilitytomeetcertainpublicpurpose <br />objectivesthatwouldnotbeobtainableintheforeseeablefuturewithoutinterventionbythe <br />Cityinthenormaldevelopmentprocess. <br />outlinedbelowthroughtheimplementationoftheDevelopmentProgram.Theseobjectivesare <br />consistentwiththerequirementsoftheDevelopmentDistrictAct. <br />1. <br />developmentoftheDevelopmentDistrictandadjacentareasoftheCity. <br />2.Encouragetheredevelopmentofblightedandunder-utilizedareasoftheCity. <br />3.Facilitatetheremovalofdeterioratedstructuresandencourageredevelopmentin <br />residentialandcommercialareasprovidinghighlevelsofpropertymaintenanceandprivate <br />investment. <br />4. <br />DevelopmentDistrict,whichpropertyisnotnowinproductiveuseorinitshighestandbest <br />use,withaminimumadverseimpactontheenvironment,andtherebypromoteandsecure <br />thedesirabledevelopmentofotherlandintheCity. <br />5.PromoteandsecureadditionalemploymentopportunitieswithintheDevelopmentDistrict <br />andtheCityforresidentsoftheCityandthesurroundingarea,therebyimprovingliving <br />standardsandreducingunemploymentandthelossofskilledandunskilledlaborandother <br />humanresourcesintheCity. <br />6.SecuretheincreaseinvaluesofpropertysubjecttotaxationbytheCity,theSchoolDistrict, <br />governmentalservicesandprogramsthattheyarerequiredtoprovide. <br />7. <br />andcommercialandotherappropriatedevelopmentintheDevelopmentDistrictsoasto <br />maintaintheareainamannercompatiblewithitsaccessibilityandprominenceintheCity. <br />8.Encouragetheexpansionandimprovementofresidentialproperty,localbusiness,economic <br />activityanddevelopment,wheneverpossible. <br />9.CreateadesirableanduniquecharacterwithintheDevelopmentDistrictthroughquality <br />landusealternativesanddesignqualityinnewbuildings. <br />DRAFTFORPUBLICHEARINGOCTOBER9,20192 <br />13 <br /> <br />