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<br />c. <br /> <br />(, <br /> <br />c <br /> <br />t' <br /> <br />t' <br /> <br />Resol~tion No. 82-1l, page 3 <br /> <br />:mil, Ti-I:::REFOR=:, BE: IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF LA POR~E, T~XAS THAT; <br /> <br />Se-ctior. I. The City Council hereby finds, determines and <br />declares that the areas outlined in a heavy black line on the <br />map attached as Exhibit II A" to this Resolution shall be declared <br />to be eligi::,le, blighted areas ("EBA") because such areas (i) <br />have a substan~ial number of substandard, slum, deteriorated, or <br />deteriorating structures and (ii) suffer from a high relative <br />rate of une~ployment. The City Council further finds, determines <br />and declares that such conditions in such areas substantially <br />impair or arrest the sound grov1th of the City, constitute an <br />econo~ic or social liability and are a menace to th~ ~ublic health, <br />safety or welfare. <br /> <br />Section 2. The overall objectives of the City for redevelop- <br />ment and recovery of the EBA are as follows: <br /> <br />A. To promote the present and prospective health, safety, <br />rights to gain~~l e~ployrnent and general welfare of the people of <br />the City and the State. <br /> <br />B. To promote the continued existence, development and <br />expansion of cc~merce and industry essential to the economic <br />grO'....t~l of the City and the full emplol'ment, "lelfare and prosperity <br />of its citizens. <br /> <br />C. To encourage t~e economic gro\-lth and stabili ty of the <br />City by incre:sing and stabilizing employment opportunities, <br />significantly increasing and stabilizing the property ta~ base <br />c3nd pr.ollloting COffir.lerCe ",i thin the Ci ty and the State. <br /> <br />D. To er.courage employment of the inhabi tants <br />by encourag ing e:nploye rs to loca te proj ects '\Th ich <br />such persons in or adjacent to the EllA. <br /> <br />of the EBA <br />will employ <br /> <br />'\ <br /> <br />S(~ction 3. The City Council hereby finds, determincs, de- <br />clc3rc:. ':'lnd c':~resents to the COlllmission that the availability <br />of final1cinr; or proj~cts to be loc.J.ted within or adjacent to the <br />E1.3;\ f.Ot" co:rJ:\c::cial uses und.-:?r th(~ Act will contribute sl-]nifi- <br />C.J. n t 1 Y to the a 11 e -Ii a t ion 0 f t 11 e b 1 i 9 h t e d co n d i :. ion s f 0 un d to <br />~xi~t in th~ ~3A. <br /> <br />Sc:ct:.on <br />r.lent '~il:':)rt3, <br />tion's bonds <br />intc'J[,.J.l p.1rt <br /> <br />~ . The City Counc i.1, in orde r to enhance its devclop'- <br />jesirQs and autho['izes the issuance of the Carpora- <br />t:::> fin.J.ncc all commer-ci.J.l pr-ojects th.1t at"e an <br />of the 10e.J.l economy, provided th~t the City Council <br /> <br />\, <br />