After the public hearing, Council may approve the urban renewal plan by a majority vote. In the event that Council approves the urban renewal plan, it must include in its approval the following findings:
(a) That the area described in the urban renewal plan is a deteriorating or blighted area;
(b) That the urban renewal plan for the project area will afford maximum opportunity consistent with the sound needs of the locality as a whole for the redevelopment or rehabilitation of the project area by private enterprise;
(c) That the urban renewal plan conforms to the master plan as it then exists for the overall development of the Village.
(Ord. 2002-1. Passed 2-11-02.)
(Ord. 2002-1. Passed 2-11-02.)