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cost of installation and construction of any building, facility, structure or <br />other improvement which is publicly owned either within or without the <br />project area, upon the consent of the City, if the following findings can be <br />made: <br />1. That the public improvement is of benefit to the project area <br />or the immediate neighborhood in which the project is located and <br />helps to eliminate blight; <br />2. That no other reasonable means of financing the publicly <br />owned improvement is available to the community; and <br />3. That the payment of funds for the cost of the publicly owned <br />improvement is consistent with the Implementation Plan. <br />H. The City finds that the Projects will be of benefit to the merged <br />Project Area as well as benefit the immediate neighborhood and all <br />residents and visitors to the City. This finding is supported by the fact that <br />public improvements in general facilitate the removal of blight and help <br />create a safe, more cohesive and economically dynamic community. <br />Development of library, park and recreational facilities, as well as public <br />parking and open space improvements assist in removal of blight within <br />densely populated neighborhoods currently underserved with these types of <br />amenities. Public safety and street improvements eliminate blight, improve <br />traffic flow, increase the safety of residents, promote job create and <br />promote business attraction and retention. The City, public and business <br />community will significantly benefit from the proposed public facilities on the <br />Schedule of Projects. These public improvements will beautify public <br />streets, promote business, and improve public infrastructure necessary to <br />spur economic revitalization in the Project Area. <br />I. The City determines that it lacks funds to pay for the Projects at this <br />time, and there are no other reasonable means of financing said <br />improvements. It has been difficult for the City, by itself, to provide <br />sufficient funds to support the implementation of major public projects, <br />programs, and activities. The limited resources of the City's General Fund <br />are committed to previously incurred obligations and planned projects. <br />J. The City further finds and determines that the payment of funds for <br />the implementation of the public projects, programs and activities is <br />consistent with the Implementation Plan adopted pursuant to Health and <br />Safety Code Section 33490. <br />3 <br />