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tax base, not only for the City but also other taxing units,
and promoting commerce within the City, surrounding trade
areas and the State of Texas.
E. To promote the present and prospective health, safe-
ty, rights to gainful employment and general welfare of the
people of the City and the State.
F. To promote the continued existence, development and
expansion of commerce and industry essential to the economic
growth of the City and the full employment, welfare and pros-
perity of its citizens.
G. To encourage employment of the inhabitants of the
EBA by encouraging employers to locate projects which will
employ such persons in or adjacent to the EBA.
Section 3. The Governing Body hereby finds, determines, de-
clares and represents to the Commission that the availability of
financing of projects to be located within or adjacent to the EBA
for commercial uses under the Act will contribute significantly to
the alleviation of the blighted conditions found to exist in the
ERA.
Section 4. The Governing Body of the City in order to en-
hance its development efforts, desires and authorizes all commer-
cial projects tnat are an integral part of the local economy in
accordance with the following criteria, and authorizes the City
staff to review" the projects based on information supplied by the
proposed user of the project which shall include but is not limit-
ed to a description of the project, a list of participants, the
type, purpose and principals of the user, a description of the
user, a description of the financing arrangements and bonding, as
well as such other areas or matters deemed appropriate to evaluate
salve,..
The commercial project must contribute to the economic growth or
stability of the City by (a) increasing or stabilizing employment
opportunities; (b) increasing or stabilizing the property tax
base; and (c) promoting commerce within the City and/or State.
The City hereby establishes, in addition to the preceding require-
ments, the additional criteria for review of projects as to their
respective impact on the fiscal and economic deterioration based
upon the following:
1. The market and economic feasibility of the project.