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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15' 16 17 18 19 20 21 22 23 24 25 26 27 28 facilities, be available within three (_3) years from the time. occupants of the Project Area: are'displaced, and that pending the development of ssuch_ Tacil ti.e.s there 'will be_ available: to such displaced occupants -adequate 'temporary fioustng facilities at rents comparable. 'to those 'in. the_ 'community at the time of their displacement. Section 6, The. City Council is 'convinced that the effect of tax increment financing, to the. extent permitted i;n the. Redevelopment Plant as. amended, whi.ch will finance the redevelop- ment activities in whole. or in part, will: not cause'a severe financial burden or detriment on any taxing agency deriving tax revenues: from the_ Project Area due. to the '.fact that the Agency has. received and shall continue to receive the.`allocation of taxes pursuant to Section 33670 of the Health -and Safety Code as permitted by law, and the. City Council is not at this time adding territory to the Project Area or otherwi:se'subjecting territory to said allocation of taxes whch_was not previously subject to such allocation. Section 7. A full and ,fair public hearing having been. held on the. Amendment No. 2 t the Redevelopment Plan for the. Cooley Ranch_, Project No. 4, and the City Council having considered all evidence and testimony for and against the adoption of the Amend, ment and all written and oral objections thereto and this City Council thereby overrules all written and oral objections: to the Amendment Section 8. In order to implement and facilitate the. effectuation of the. Redevelopment Plan, as amended, for the Cooley Ranch -,Project No. 4, hereby approved and adopted, certain _7_