Each board resolution approving a proposed economic development project area plan as the project area plan under Subsection 17C-3-102(1)(g) shall contain:
(1) a boundary description of the boundaries of the project area that is the subject of the project area plan;
(2) the agency's purposes and intent with respect to the project area;
(3) the project area plan incorporated by reference; and
(4) the board findings and determinations that:
(a) there is a need to effectuate a public purpose;
(b) there is a public benefit under the analysis described in Subsection 17C-3-103(2);
(c) it is economically sound and feasible to adopt and carry out the project area plan;
(d) the project area plan conforms to the community's general plan; and
(e) carrying out the project area plan will promote the public peace, health, safety, and welfare of the community in which the project area is located.