5.1 PCSR 05-27-2014 - Laserfiche WebLink

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B. Promote the development of the Project Area, including without limitation the implementation of the Program. C. Promote the concentration of appropriate residential, commercial and industrial development within the Project area in order to maintain the area in a manner compatible with its prominence in the City. D. Construct,acquire or finance any public facilities,including sanitary sewer,water, storm drainage and roads, deemed necessary and desirable by the City and the HRA for the development or redevelopment of the Project Area and the City as whole. E. Assist in development or redevelopment through the Program and provision of public services, demolition and relocation, soil and terrain corrections or site improvements, or land acquisition,all in cases deemed appropriate by the City and the HRA. F. Employ any powers of the HRA under the HRA Act for the benefit of the Project in such cases and upon such terms as the HRA may deem appropriate. V. PROJECT AREA The Project boundaries are described in attached Exhibit A. VI. PROPERTY ACQUISITION The HRA may acquire such property, or interests therein, as the HRA may deem necessary or desirable to carry out the objectives of the Redevelopment Plan. Acquisition may be accomplished by in accordance with the HRA Act. The HRA has no current plans to acquire any property pursuant to the Program Procedures or this Redevelopment Plan. VII. REDEVELOPMENT PROJECT FINANCING The HRA's initial financing plans relate to Public Redevelopment Costs in connection with the Program. The HRA plans to finance the Public Redevelopment Costs related to the Program primarily through a property tax levy authorized under the HRA Act The HRA may also use revenues from any other source available to it to pay any Public Redevelopment Costs. [Remainder of this page is intentionally left blank.] 444465v1 JSB EL185-26 4