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� <br />f • <br />City as a whole, for th� de�elopmen� of Development �istri�t No. <br />1 by private enterprise. The specific basis for such finding <br />being: <br />I�t will enable the renavation or clear�nce o� structurally <br />subst�ndard buildings and th� constxucti�n of rrew projects <br />in the Ci.ty, tiaereby encouraginc� o�k�er ci�velopm�nt in t�� <br />area, <br />- • ' i• �• • � - . <br />- .�,u- � + _,. � -t�- � <br />. _ _ <br />�= � �• * . <br />�. 01 � Thg �ouncil IharQby� f incis th�t �'a� In�rgman� F'ir�ancir�� <br />I�f ��ric� i�o � 12 i� � rec��velopm�n� dis��rict �ursu��t tr� Mf r�t�ms�►�a <br />t��at�te�, �+�a�ior� a69�.Y7a, �ubdivisi�an 1+D�aj ��,j . �Tax Incr�a��n�t <br />Fin�nc�ng Dist�i�� I�e. 12 can�ists sa� ot�a p���Ql. ��0� c�� �;he <br />��ildi�e�s (2 a! 1� h�s bee�a d��ermined 1�o b� �t�ruc�ur�l�.� �u�� <br />���nci��°d. �4 ��pe�r� froa� �it� �taff indica�ting h�w t.�is bu�ld��g <br />c,�uali���� i� ean fil� �,r� �h� s����.cc� oP ��a� �ir�c�+or c�� C�r�unf�� <br />D�vslo�mer��. <br />4.02. Th� Caun�il fu�t��z �incls �h�� +�h� ��opa��� <br />c��v�l�sg���n�, i� t�� c��inian �►� �h� Cavn�il � wau�d �n�� �ec��c <br />��I.�l�r #�r���qt� �ae3��rai�� ir�v�s���r��k wi�I��r� �h� ��m�oa��bly <br />���r+��e�ra�al�r �u�ur� arac�� ���������, th� usa o� ��x �n�x�r��r�� <br />�i�ato�i�q i� de�m�c� ��c�ss�rry. �h�t �p��f �i� �a��i� for ���� <br />�`indtng �a�irtg: <br />W�it�ou� �h� �it�r'� ���i���n�� �tC� wo�ld not ��a ���� �e <br />�avc� �o�w��c� w��� re�pc�ct �,o d��aQ��t�o� ��d u��li�� <br />�aod�:�f���ion� t�o �l�o� �h�s �r�j�c� �o ��vc� f��,+�.��. <br />�'ur����n�a��, ��sQd �o� t�� sv�i��b��.f�y a� �+��� <br />e�.x�a��n�ivc� 18r�d �n o�h�r �r���a t1�s� pra�a���a� ar�ita ���r� <br />��ce�ae� �v�n �r�r� �critf��� r�ith �°��pQ�� �e ���c.�a�ting <br />I��R �ai�� i�s paro�o��c� �r�nu��c�.u�in�g ���ility. �iCR i� <br />�l�o ��cinc� �i�gr�i��c�nt �o�� �co���dea�c�tiar�� �t��� <br />�re�Q��t to be���d,in�� ir� �u�ti�- ju���die�i�ns tt��� <br />furth+�� ca�p�,i���c� �t� �in�r�cirag c��aci�ty. <br />�4.��, �`hc� Councii �'ur�h�r ��nd� ���t t.�� �'sx ���re��nt <br />�'it�ancing P1�►r� �or 'T�x �ncr�m�nt �inar�cing D���ri�� ��a. A� <br />can�c�ac�� �A t,h� g�ne�al pl�t� �ar ti��r �e��lop�n�rat �� �ade��r��opmet►t <br />o� t�� �ity �s� s arho�,.a. Th� �p�c�fic ���i� Eo� suc�x ��r�c�i��,g <br />��ing: <br />Thc� Tu�c IncrQ��n� Fin�n��ng �l�n �or '���t <br />D�st�'iCC T�o. 1� w1ll gQr�@�a11� comtali���t� <br />implem�a�t pol ici�� �dop��d ,in �hc� Ci�y ° s <br />� 1113 <br />a <br />�r►�r�men� Fin�nG�ing <br />�nd s���� to <br />�omPr�t�ea�siva plan. <br />