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Comment 4-c: Response: maintenance and reinvestment. Economic conditions in the proj ect Area are not favorable. The Report to City Counci I does not examine property values; however, County records show ~ha~ ~he Amendmen~ Area property value increases have lagged behind county wide increases over the past few years. Addi tionally, retail sales in the Amendment Area have not shown significant increases. The increases in taxable retail sales in the Amendment Area, as shown in Table 11-9 of the Report to City Council, have not been adjusted for inflation. According to Taxable Sales in California published by the State Board of Equalization, inflation in 1988 and 1987 was 4.6 percent and 4.1 percent respectively. Adjusting the 1987 and 1988 increases in taxable retail sales for inflation reduces the actual increase in taxable retail sales to .2 percent in 1987 and .5 percent in 1988. And over the period from 1986 to 1988 building permit valuations show a cumulative decrease of 41 percent rather than an increase. Enhancing the Downtown Area's commercial desirability is not a proper basis redevelopment. for The CRL declares the purpose of redevelopment to be the following: a) Section 33037(a) - To protect and promote the sound development and redevelopment of blighted areas and the general welfare of the inhabitants of the communities in which they exist by remedying such injurious conditions through the employment of appropriate means. b) Section 33071 - The Legislature finds and declares that a fundamental purpose of redevelopment is to expand the supply of low-and moderate-income housing, to expand employment opportuni ties for jobless, underemployed, and low-income persons, and to provide an environment for the social, economic, and psychological growth and well-being of all citizens. In line with these purposes, the primary reasons for the Second Amendment, as noted in Part I of the Report to the City Council, are: 4 11191