Upon determination of Council that property is blighted and that acquisition by the City is necessary in order to eliminate the blight and prevent recurrence of blight upon the property, the City Manager is hereby authorized to:
(a) Acquire the property by purchase; or
(b) Acquire the property by court action exercising the City's constitutional right of eminent domain.
(c) After acquisition, to eliminate the blight by:
(1) Demolition and clearance of the property by an independent contractor or City forces, or clearance if demolition of structures is not necessary; or
(2) Rehabilitation by an independent contractor or by City forces; or
(3) Sale of the blighted property to a purchaser upon terms providing for the elimination of the blight and prevention of its recurrence; or
(4) Sale of the property after demolition and clearance, if not needed for municipal purposes, for use or development in accordance with applicable provisions of the Codified Ordinances of Loveland; or
(5) Any combination of the above provisions.
(Ord. 2021-60. Passed 6-8-21.)