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<br />31 <br />4859-6924-4449\6 <br />substandard; and 30 percent of the other buildings require substantial renovation or clearance to <br />remove existing conditions such as: inadequate street layout, incompatible uses or land use <br />relationships, overcrowding of buildings on the land, excessive dwelling unit density, obsolete <br />buildings not suitable for improvement or conversion, or identified hazards to the health, safety, <br />and general well-being of the community; and the conditions are reasonably distributed throughout <br />the geographic area of the district. <br />Rural Development Finance Authority (RFDA): A non-profit corporation established by a County <br />or group of counties through special legislation. RFDAs are designed to facilitate the production <br />and processing of agricultural products and promote jobs in agriculture and natural resource <br />industries. The board of directors is appointed by the County board of commissioners. <br />Structurally Substandard: A building that contains defects in structural elements or a combination <br />of deficiencies in essential utilities and facilities, light and ventilation, fire protection including <br />adequate egress, layout and condition of the interior partitions, or similar factors. which defects or <br />deficiencies are of sufficient total significance to justify substantial renovation or clearance. <br />A building is not structurally substandard if it is in compliance with the City’s building code <br />applicable to new buildings or it could be modified to satisfy the building code at a cost of less <br />than 15% of the cost of constructing a new structure of the same square footage and type on the <br />site. <br />Tax Increment District: A district consists of the geographic area for which tax increments are <br />collected. The development authority defines the area in the tax increment plan. A district may <br />be contiguous or non-contiguous area within a project area.