(1) The attraction of artists, art-related businesses, and developers of art-related space to original Aurora will aid in the economic revitalization of that area and promote the health, safety, prosperity, security, and general welfare of its inhabitants;

(2) Financial assistance is often necessary in order to encourage artists, art-related businesses, and developers of art-related space to relocate in a particular area;

(3) Providing loans to artists, art-related businesses, and developers of art-related space will stimulate the development of an art district in original Aurora, thereby resulting in the creation of new jobs, services, and products; and

(4) The public purpose to be served by providing loans to artists, art-related businesses, and developers of art-related space outweighs any individual interests incidentally served thereby. (Ord. No. 2002-08, § 2, 2-25-2002)