R-1982-11 - Laserfiche WebLink

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. . . It e Resolution No. 82-11, page 3 ;,jOii, THEREFORE:, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, T~XAS THAT; Section 1. The Ci ty Council hereby finds, dete~mines and decla~es chat the areas outlined in a heavy black line on the map attached as Exhibit "An to this Resolution shall be declared to be eligible. blighted areas (nEBA") because such areas (i) have a substantial number of substandard, slum, deter.iorated, or deteriorating structures and (ii) suffer from a high relative rate of une~ployment. The City Council further finds, determines and decla~es that such conditions in such areas substantially impair or arrest the sound growth of the City, constitute an economic or social liability and are a menace to the ~ublic health, safety or welfare. Section 2. The overall objectives of the City for redevelop- ment and recovery of the EBA are as follows: A. To promote the present and prospective health, safety, rights to gainful employment and general welfare of the people of the City and the State. B. To promote the continued existence, development and expansion of commerce and industry essential to the economic grO\"t~l of the City and the full employment, \velfare and prosperity of its citizens. C. To encourage the economic g~O\'lth and stabil i ty of the City by increasing and stabilizing employment opportunities, s ig n i f ican tly increas ing and stabil iz ing the property tax base and pr.ollloting commerce r"dthin the City and the State. . D. To er.courage employment of the inhabi tan ts by encourag i ng e:nploYers to loca te proj ec ts \o/h ich such persons in o~ adjacent to the CHA. of the ESt\ will employ .... Section 3. The City Council hereby finds, determines, de- clurcs .:lnd r"~:?r:esents to the Commission that the availability of finc1~cinl') of projects to be locuted within or adjacent to the Ei3i\ for comiae::cial uses undl:!r tll(~ Act \olill contribute si-)nifi- cantl)' to the alleviation of the blighted conditions found to I:!xi3t in the E3A. S~c t ion r.lent cfforts, tion's bonds intcgr.:ll pa~t 4. The Ci t)' Council, in orde~ to enhance its devclop- Jesircs and authorizes the issuance of the Corpora- to finance all commercial projects that are an of the local economy, provided that the City Council "