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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 city.
(Ord. 31-1988, passed 11-2-88)