Creation.
The Village Board, having found, determined and declared that the
undertaking of programs and projects for blight elimination and prevention,
slum clearance and prevention, urban renewal and redevelopment, and
community development and redevelopment (collectively, "qualified
redevelopment projects") will encourage well-planned, integrated,
stable, safe and healthful neighborhoods, the provision of healthful
homes, a decent living environment, adequate places of employment
for the people of the Village and an increase in the general property
tax base of the Village, and that there exists within the Village
a need for qualified redevelopment projects, and that creation of
a community development authority in the Village will serve the public
interest, pursuant to Wis. Stats. §§ 66.1335 and 66.1339,
hereby creates a community development authority in the Village, which
authority shall be known as the "Community Development Authority of
the Village of Waterford, Wisconsin."