(a) Within ten days of the date of the issuance of the certificate of incorporation by the Secretary of State, the redevelopment corporation shall file a copy of such certificate with the Planning Commission.
(b) Within twelve months from the date on which the certificate of incorporation is issued by the Secretary of State, the redevelopment corporation shall submit its development plan to the Planning Commission, together with an application for its approval. The Planning Commission shall approve or disapprove the development plan within sixty days of the submission of the plan and the request for approval by the redevelopment corporation. If the plan is approved, the Planning Commission shall transmit the plan, together with the certificate of approval, to the supervising agency within ten days. If the plan is not approved, that fact shall be communicated to the redevelopment corporation within ten days and the disapproval shall not prejudice any future rights of the redevelopment corporation to submit an amended development plan or a new development plan for all or any part of the area encompassed by the development plan disapproved.
(c) The supervising agency shall approve or disapprove the development plan and the management of the redevelopment corporation and designate a member of the redevelopment corporation's Board of Directors, within sixty days from the receipt of the development plan and the certificate of approval by the Planning Commission. If the supervising agency so approves the plan and the redevelopment corporation's management, the plan and its certificate of approval, together with the certificate of approval of the Planning Commission, shall be transmitted to the redevelopment corporation with a copy thereof to the City Assessor within ten days. If the supervising agency disapproves the development plan or the management of the redevelopment corporation, that fact shall be communicated to the redevelopment corporation within ten days, without prejudice to the rights of the redevelopment corporation to amend or resubmit a development plan for all or any part of the area encompassed by the disapproved development plan at any time in the future.
(d) Upon receipt of the certificates of approval by the Planning Commission and supervising agency, the City Assessor shall determine the maximum assessed valuation of the real property held or to be held by the redevelopment corporation in the development area and warrant the same to the City Treasurer and to the redevelopment corporation.
(e) Upon receipt of the certificates of approval by the Planning Commission and supervising agency and the determination of the maximum assessed valuation by the City Assessor, the redevelopment corporation shall, within thirty days, submit an ordinance to the City Commission, in accordance with Section 1466.06.
(f) Upon receipt of an ordinance by the City Commission the same shall be referred to the City Attorney for review and report within ten days. The City Attorney shall report to the City Commission within thirty days with respect to whether or not the proposed ordinance complies with all applicable State and local laws and is consistent with the ordinances of the City. The City Commission shall take action upon the proposed ordinance within thirty days following the receipt of the report from the City Attorney.
(g) The redevelopment corporation shall begin work on the development within the time provided in the ordinance adopted pursuant to this section, which shall in no event be later than one year from the time such ordinance becomes effective.
(1975 Code Sec. 5.153)