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01-367 Urban RenewalRESOLUTION NO. RECEIVED JI.,IL 2 0 2001 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MERIDIAN, IDAHO, DETERMINING CERTAIN PROPERTY DESCRIBED BELOW TO BE A DETERIORATED AREA OR A DETERIORATING AREA OR A COMBINATION THEREOF AND DESIGNATING SUCH AREA AS APPROPRIATE FOR AN URBAN RENEWAL PROJECT. BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF MERIDIAN, IDAHO: WHEREAS, the area described below contains land which has a predominance of defectSve or inadequate street layout, faulty lot layout in relation to size, adequacy, accessibility or usefulness, diversity of ownership, or a combination of such factors, resulting in economic underdevelopment of the area which substantially impairs or arrests the sound growth of the City of Meridian; and WHEREAS, the area described below contains land which is predominantly open and which has diversity of ownership, resulting in economic underdevelopment of the area or substantially impairs or arrests the sound growth of the City of Meridian. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF MERIDIAN, IDAHO, AS FOLLOWS: SECTION 1: That the area shown on the map (which area is crossed hatched), which is attached hereto and incorporated herein by reference, is determined to be a deteriorated ayea or a deteriorating area, or a combination thereof. The area shown on the map is ge~jerally bordered on the north by Fairview Avenue, on the south by Franklin Road ~d Interstate 84, on the west by North 4~h Street West and Meridian Road, and ox~ the east by East 4~' Street and North Stratford Drive. ~ SECTION 2: That the area described above is designated as appropriate for an urban renewal project, and shall be known as Urban Renewal Area # 1. SECTION 3: That the Mayor and City Council hereby find it necessary and advisable, in order to assure orderly economic development that the above described area, and is in the public interest for management and sound growth, to URBAN RENEWAL AREA RESOLUTION PAGE 1 OF 2 designate the above area to be known as Urban Renewal Area #1. SECTION 42 This Resolution supercedes any previous Resolutions of the Meridian City Council designating the boundaries of Urban Renewal Area 1. PASSED BY THE CITY COUNCIL OF THE CITY OF MERIDIAN, IDAHO, this ~4-'/~ day of ~7-ld~ ,2001. APPROVED BY THE MAYOR OF THE CITY OF MERIDIAN, IDAHO, this ~-4-~,~ day of ~7-a~-ff ,2001. i~as~br R~bert D. ~orrie ATTEST: C-ity Clerk Z:\Work~vl~vlefidian',Meridian 153601v~Resolutions City HaI1L200 l\UrbanRenovalAreaResolution.wpd URBAN RENEWAL AREA RESOLUTION PAGE 2 OF 2