After the public hearing, Council may approve or modify the urban renewal plan by a majority vote, unless the Planning Commission has failed to approve the plan, in which case it may be approved by a vote of not less than two-thirds of the members of Council. In the event that Council approves the urban renewal plan, it shall include in its approval the following findings:
(a) That the area described in the urban renewal plan is a deteriorating or blighted area;
(b) If financial aid is to be provided by the federal government, that the aid is necessary to enable the project to be undertaken in accordance with the urban renewal plan;
(c) That the urban renewal plan will afford maximum opportunity consistent with the sound needs of the locality as a whole for the redevelopment or rehabilitation of the area by private enterprise;
(d) That the urban renewal plan conforms to the master plan as it then exists for the overall development of the village.
(Ord. 96-32, passed 5-21-1996)