§ 26-21. Findings.

(a)

The board of trustees hereby finds, determines and declares that the undertaking of programs and projects for blight elimination and prevention, redevelopment and community development and redevelopment within the area of the village described on Exhibit A (collectively, qualified redevelopment projects on file in the clerk's office) will encourage well-planned, stable, adequate places of employment for the people of the village and an increase in the general property tax base of the village.

(b)

The board of trustees hereby finds, determines and declares that there exists within the area of the village described on Exhibit A a need for qualified redevelopment projects, and that creation of a community development authority authorized to act in this area will serve the public interest.

(Code 1991, § 1.24(1), (2))