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9. Redevelopment of parcels to he in accordance with the <br />Northeast Neighborhood Development Area Development <br />Plan. <br />lU. Encourage residential, commercial, and retail <br />redevelopment. <br />1 1. Support and stimulate further growth of residential, <br />commercial, retail uses consistent with the Development <br />Plan Amendment. <br />12. All other goals and objectives previously noted in the <br />Development Plan for the Northeast Neighborhood <br />Development Area. <br />4. Statutory Compliance <br />Requirements of IC 36-7-14-47 <br />To establish the Northeast Neighborhood Development <br />Area Housing Program under lC ~(~-7-14-4~, the <br />Redevelopment Commission muct make the tollo~a~ing <br />under section 45 of this chapter: <br />(1) Not more than twenty-five (?5) acres of the area <br />included in the allocation area has been annexed during the <br />preceding five (5) years. <br />(2) No area within the allocation area has been annexed <br />within the preceding five (5) years over a remonstrance of a <br />majority of the owners of land within the annexed area. <br />(3) The program cannot be accomplished by regulatory <br />processes or by the ordinary operation of private enterprise <br />because of: <br />(A) the lack of public improvements; <br />(B) the existence of improvements or conditions <br />that lower the value of the land below that of nearby <br />land; or <br />(C) other similar conditions. <br />(4) The public health and welfare will be benefited by <br />accomplishment of the program. <br />7 <br />