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<br /> Section 1. The Area described in the Plan is found, determined and declared to be a blighted <br /> area as defined in the Law. This is a legislative finding by the City Council based upon the <br /> Conditions Survey and other evidence presented to City Council at a public hearing. <br /> Section 2. The boundaries ofthe Area described in the Plan have been drawn as narrowly as <br /> the City Council determines feasible to accomplish the planning and development objectives ofthe <br /> Plan. <br /> Section 3. The Plan has been submitted to the Board of County Commissioners of Boulder <br /> County, Colorado (the County), together with the information required by Section 31-25-107(3.5) of <br /> the Law. <br /> Section 4. All of the Urban Renewal Area is within the corporate limits of the City. <br /> Construction of public improvements and provision of services in the Urban Renewal Area will be <br /> the primary responsibility of the City, the Commission, special districts and public entities other than <br /> the County, and private enterprise. The information submitted by the County does not demonstrate a <br /> direct impact to County infrastructure and services to serve development in the Urban Renewal Area <br /> while the tax allocation provisions authorized by Section 31-25-1 07(9)(a)(I) and (II) ofthe Act are in <br /> place. Further, the information submitted by the County identifies no specific additional and <br /> necessary items of infrastructure or specific additional and necessary costs for services incident to <br /> development ofthe Area, but rather assert a generalized need concurrent with projected population <br /> growth. Such information demonstrates only impacts contemplated by the General Assembly and <br /> shared by all taxing bodies in accordance with Section 31-25-107 of the Law. The City Council <br /> finds that increases in County revenue resulting from the proportionate adjustment of the valuations <br /> for assessment under subparagraphs (I) and (II) of Section 31-25-107(9)(a) of the Act and the <br /> increase in new County sales tax revenue resulting from redevelopment in the Urban Renewal Area <br /> as described in the impact report provided to the County pursuant to Section 31-25-107(3.5) of the <br /> Act will adequately finance any additional County infrastructure or services while such tax allocation <br /> provisions are in effect. <br /> Section 5. The Boulder Valley School District RE-l has been permitted to participate in an <br /> advisory capacity with respect to the inclusion in the Plan ofthe tax allocation provisions authorized <br /> by Section 31-25-107(9) of the Law. <br /> Section 6. The Commission is authorized to acquire any interest in property by any manner <br /> available, including, without limitation, by exercise ofthe power of eminent domain, subject to and <br /> in compliance with the requirements of the Law, which are incorporated herein by reference, and any <br /> other applicable law, and subject to the further requirement that any proposal ofthe Commission to <br /> acquire property under the power of eminent domain must first be approved by the affirmative vote <br /> of two-thirds of the entire Louisville City Council after a public hearing. <br /> Section 7. The Plan meets the requirements ofthe Law and the principal public purpose for <br /> adoption of the Plan is to facilitate redevelopment of the Area in order to eliminate or prevent the <br /> spread of a physically blighted area as defined in the Law. <br /> 2 <br />