Laserfiche WebLink
<br />C. The adoption and carrying out of the Amendment is economically <br />sound and feasible. This finding is based on the fact that under the <br />Existing Plan and the Amendment the Agency will continue to be <br />authorized to seek and utilize a variety of potential financing <br />resources, including property tax increment revenues; that the <br />nature and timing of public redevelopment assistance within the <br />Project Area will continue to depend upon the amount and <br />availability of such financing resources, including tax increment <br />generated by new investment in the Merged Project Area; that <br />under the Existing Plan and the Amendment no public <br />redevelopment activity can be undertaken unless the Agency can <br />demonstrate that it has adequate revenue to finance the activity; <br />and that the financing plan included within the Agency's Report to <br />the City Council prepared for the Amendment demonstrates that <br />sufficient financial resources will be available to carry out the <br />implementation of the Existing Plan and will allow flexibility within <br />the Merged Project Area in addressing the most pressing needs <br />and respond to market forces more effectively. <br /> <br />D. The Amendment is consistent with the General Plan, including, but <br />not limited to, the Housing Element of the General Plan, which <br />substantially complies with the requirements of Article 10.6 <br />(commencing with Section 65580) of Chapter 3 of Division 1 of Title <br />7 of the Government Code. This finding is based upon the General <br />Plan and the findings of the Planning Commission that the <br />Amendment conforms to the General Plan. <br /> <br />E. Pursuant to CRL Section 33367(d)(6), the condemnation of real <br />property, if provided for in the redevelopment plan, is necessary to <br />the execution of the redevelopment plan and adequate provisions <br />have been made for payment for property to be acquired as <br />provided by law. <br /> <br />F. The Agency has a feasible method and plan for the relocation of <br />families and persons who might be displaced, temporarily or <br />permanently, from housing facilities in the Merged Project Area by <br />means other than the use of eminent domain. The Agency also <br />has a feasible method and plan for relocation of businesses. This <br />finding is based upon the fact that in conjunction with the adoption <br />of the Original Ordinances, the Agency had prepared a method or <br /> <br />1113-6 <br />