Item C - Urban Renewal Amend. - Laserfiche WebLink

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(e) The existence of inadequate streets and other rights of way, open spaces and utilities; (f) The existence of property or lots or other areas that are subject to inundation by water; (g) A prevalence of depreciated values, impaired investments and social and economic maladjustments to such an extent that the capacity to pay taxes is reduced and tax receipts are inadequate for the cost of public services rendered; (h) A growing or total lack of proper utilization of areas, resulting in a stagnant and unproductive condition of land potentially useful and valuable for contributing to the public health, safety and welfare; or (i) A loss of population and reduction of proper utilization of the area, resulting in its further deterioration and added costs to the taxpayer for the creation of new public facilities and services elsewhere. Chapter 5: Relationship Between Existing Conditions and Each Project Activity Undertaken Under the Plan. All public improvements, building rehabilitation loan programs, administrative and tech- nical support, property acquisition and redevelopment authorization, and relocation activities (if any) set forth in Section 600 of the Plan are intended to correct the defici- encies described in Chapter 2 of this report. Chapter 6: Estimated Total Cost of Each Project or Activity, Sources of Money, and Anticipated Completion Date for Each Project or Activity. The Fourth Amendment to the Plan inserts a new Chapter 6 into the Report on the Plan, showing in table format the project activities to be carried out following the adoption of the amendment and the estimated cost. Some of the activities describ- ed in Chapter 6 of the original plan have been completed, while others are incom- plete, or are no longer under consideration. The list of activities in the table in Amended Chapter 6 will allow completion of projects from the original list, as they are deemed appropriate to project objectives. The list of project activities from Chapter 6 of the original Report on the Plan is shown in Exhibit D of this Report on the Plan. Table 4 on the next page shows that urban renewal financing is estimated to provide $18.6 million of funding out of an estimated total of almost $105 million of public and private financing from FY05 through FY29 when the district terminates. 13