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if any, exceeds its anticipated fair market value after completion of said preparation; provided that no parcel shall be included within a redevelopment district unless the authority has concluded an agreement or agreements for the development of at least 50 percent of the acreage having the unusual soil or terrain deficiencies, which agreement provides recourse for the authority should the development not be completed. Since, of the parcels proposed to be placed into a tax increment district, less than seventy percent are occupied by buildings, streets, utilities or other improvements, and the total acreage (80 percent or more) of the area has a fair market value when added to the estimated cost of preparing the land for use exceeds its anticipated fair market value after completion of the preparations, excluding costs directly related to roads, and a development agreement for at least 50 percent of the acreage having the unusual son deficiencies and including recourse for the City should the development not be completed, will have been concluded, prior to bond sale, the area qualifies as a redevelopment district. The description of the parcels that have been used to establish eligibility as a redevelopment district have been described below. Development Parcel The east 400 feet of the west 1,275.7 feet of the north 400 feet of the Northwest quarter of Section 13, Township 29, Range 23, according to the government survey thereof, subject to County Road B and ditch easement. Dedicated Park Parcel The west 300 feet of the east 700 feet of the west 1,275.7 feet of the north 400 feet of the Northwest quarter of Section 13, Township 29, Range 239 according to the government survey thereof, subject to County Road B and ditch easement. F. Parcels in Acquisition 1. Properties identified for acquisition will be acquired by the City in order to accomplish one or more of the following: remove, prevent, or reduce blight, blighting factors, causes of blight, or the spread of blight and deterioration; to eliminate unhealthful, unsafe, and unsanitary structures and conditions; reduce traffic hazards; provide land for needed public streets, utilities, and facilities; remove incompatible land use, eliminate obsolete or detrimental uses; assemble land for redevelopment; carry out clearance and/or redevelopment to accomplish the uses and objectives set forth in this plan. N.