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JAH:djm 11/28/89 (011/#8) <br /> <br />and/or redevelopment of areas which are stagnant or improperly <br />utilized, and which could not be accomplished by private <br />enterprise acting alone without public participation and <br />assistance; by protecting and promoting sound development and <br />redevelopment of blighted areas and the general welfare of the <br />citizens of the City by remedying such injurious conditions <br />through appropriate means; and through the installation of new, <br />or replacement of existing public improvements, facilities and <br />utilities in areas which are currently inadequately served with <br />regard to such improvements, facilities and utilities. <br /> <br /> d) The adoption and carrying out of the Amended <br />Redevelopment Plan is economically sound and feasible. This <br />finding is based on the fact that under the Amended Redevelopment <br />Plan the Agency will be authorized to and will continue to seek <br />and utilize a variety of potential financing resources, including <br />tax increments; that the nature and timing of public <br />redevelopment assistance will depend on the amount and <br />availability of such financing resources, including tax <br />increment, generated by new investment in the Amended Project <br />Area; that under the Amended Redevelopment Plan no public <br />redevelopment activity can be undertaken unless the Agency can <br />demonstrate that it has adequate revenue to finance the activity; <br />that the limits of bonded indebtedness that can be outstanding at <br />one time and the tax increment revenues that can be allocated to <br />the Agency from the Amended Project Area have been increased, <br />respectively, to $119.0 million and $398.0 million, and that the <br /> <br /> 10 <br /> 2007 <br /> <br /> <br />