No. 0965 amending resolution No. 919 to expand the AEDA and amend the economic development plan for the AEDA

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�• cannot be achieved by regulatory processes or by the ordinary operations of private enterprise without resort to the powers allowed under the Act because of lack of local public improvements and multiple ownership of land and that the public health and y welfare will be benefited by the accomplishment of the Plan for the �•+ Area; and WHEREAS, the Commission has caused to be prepared maps and plats of the Area, said maps and plats of the Area showing the boundaries of the Area, the location of the various parcels of property, streets and alleys, and other features affecting the acquisition, clearance, replatting, replanning, rezoning, or redevelopment of the Area, indicating the parcels of property to be excluded from acquisition and the parts of the Area acquired, if any, that are to be devoted to public ways, levees, sewerage, parks, playgrounds, and other public purposes under the Plan; and WHEREAS, the public health and welfare will be benefited by the acquisition and redevelopment of the Area under the provisions of the Act and the accomplishment of the Plan for the Area will be of public utility and benefit as measured by the attraction or retention of permanent jobs, an increase in the property tax base and improved diversity of the economic base; and WHEREAS, the Commission has caused to be prepared a list of the owners of the various parcels of property proposed to be acquired, if any (the "Property Acquisition List ") and an estimate of the cost of acquisition and redevelopment of such property; and WHEREAS, the Property Acquisition List is a part of the Plan adopted herein, and the Commission presently intends to acquire only such property as is included in the Property Acquisition List; and WHEREAS, in determining the location and extent of the Area, the Commission has given consideration to transitional and permanent provisions for adequate housing for the residents of the -6- tapitman\bonds \airport \res #965;11/08/90 WHEREAS, there was presented to this meeting of the Commission for its consideration and approval, a copy of the Plan for the Area, which Plan consists of the Original Economic Development Plan, amended as set forth above, consisting of twenty -five (25) pages, and is attached hereto as Exhibit "A"; and WHEREAS, the Plan for the Area promotes significant opportunities for the gainful employment of the citizens of the City, attracts major new business enterprises to the City, retains or expands significant business enterprises existing in the boundaries of the City and meets the other purposes of Section 2.5, 41 and 43 of the Act; and WHEREAS, the public health and welfare will be benefited by the acquisition and redevelopment of the Area under the provisions of the Act and the accomplishment of the Plan for the Area will be of public utility and benefit as measured by the attraction or retention of permanent jobs, an increase in the property tax base and improved diversity of the economic base; and WHEREAS, the Commission has caused to be prepared a list of the owners of the various parcels of property proposed to be acquired, if any (the "Property Acquisition List ") and an estimate of the cost of acquisition and redevelopment of such property; and WHEREAS, the Property Acquisition List is a part of the Plan adopted herein, and the Commission presently intends to acquire only such property as is included in the Property Acquisition List; and WHEREAS, in determining the location and extent of the Area, the Commission has given consideration to transitional and permanent provisions for adequate housing for the residents of the -6- tapitman\bonds \airport \res #965;11/08/90