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05-110
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05-110
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12/29/2005 1:23:27 AM
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12/22/2005 9:34:16 AM
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<br />inding that the expenditure of tax increment serves a primarily public <br /> <br /> <br />he expenditure of tax increment is not intended as a private benefit, and any such <br />is incidental. The principal intent for the tax increment expenditures includes the <br />I of impediments to the development described in the Program and Restated Plan. <br />activities include the (i) elimination of blight as described in Item 1 of this Exhibit <br />her described in the SEH Report on file at the City; (ii) demolition and removal of <br />structures; (Hi) removal of asbestos and other environmental remediation; (iv) <br />on of existing tenants; and (v) replacement of substandard or insufficient <br />cture. Among the public benefits are (i) the development of hundreds of housing <br />r the City; (ii) the utilization of existing infrastructure including sanitary sewer, <br />nd roads; (iii) the utilization of existing capital improvements including schools, <br />he community center; (iv) the construction of new streets; (v) the remediation of <br />inated properties; and, (vi) the elimination of blight. <br /> <br />10 <br />
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