§ 500.103. Finding of necessity and paramount public purpose.

The City shall not exercise the authority conferred herein with regard to new community redevelopment areas until after the council has adopted a resolution finding that:

(1)

One or more slum or blighted areas, or one or more areas in which there is a shortage of housing, exist in the City; and,

(2)

The rehabilitation, conservation, renovation, improvement and redevelopment, or a combination thereof, of such area or areas, including residential development and related, office, commercial, light industrial and other development, and the financing thereof, is necessary in the interest of the public health, safety, morals, or welfare of the residents of the City as a paramount public purpose.

(Ord. 2000-1078-E, § 1.03)