§ 30-70. Plan approval.

(a)

A tax increment financing plan and development plan for a development area within the depot town downtown development authority district established pursuant to Act No. 197 of the Public Acts of Michigan of 1975, as amended, and pursuant to city Ordinances Nos. 613 and 784, has been prepared by the city depot town downtown development authority and submitted to the city council.

(b)

A public hearing thereon was held before the city council on Monday, December 7, 1992, at 7:30 p.m. in the council chambers, City Hall, One South Huron Street, Ypsilanti, Michigan.

(c)

Notice of said public hearing has been given in accordance with section 18 of said Act No. 197.

(d)

The city council now determines that the amended tax increment financing plan and development plan constitute a public purpose.

(e)

After careful consideration of the amended tax increment financing plan and development plan, and after careful consideration of the statements and ideas expressed at said public hearing, and after due deliberation, it appears and the council expressly finds that:

(1)

The amended tax increment financing plan meets the requirements set forth in sections 14 and 15 of said Act No. 197;

(2)

The development plan meets the requirement set forth in section 17(2) of said Act No. 197;

(3)

Both the tax increment financing plan and the development plan amendments meet all other requirements as set forth in Act No. 197;

(4)

The proposed method of financing the development is feasible and the depot town downtown development authority has the ability to arrange the financing;

(5)

The development is reasonable and necessary to carry out the purposes of Act No. 197;

(6)

The development plan is in reasonable accord with the master plan of the city;

(7)

Public services such as fire and police protection and utilities are, or will be, adequate to service the project area;

(8)

Changes in zoning are reasonably necessary for the project and for the city.

(Ord. No. 898, 7-20-1999; Ord. No. 900, 8-3-1999)