(a) "Blighted premises" means premises which because of their age, obsolescence, dilapidation, deterioration, lack of maintenance, or repair or any serious combination thereof constitute a fire hazard, a serious health hazard, a substantial and unreasonable interference with the reasonable and lawful use and enjoyment of other premises within the neighborhoods or a factor seriously depreciating property values in the neighborhood.
(b) "Neighborhood" means an area of the City comprised of all premises or parcels of land which in whole or in part are located within a radius of 500 feet of any one parcel or lot within the City.
(c) "Redevelopment" means the acquisition of blighted premises, the demolition of a structure or structures thereon, the making of site improvements, including the construction or reconstruction of structures thereon, or the sale of property for use in accordance with the Zoning or Building Code of the City. Redevelopment may include the construction or improvement by the City of any buildings for public use or resale by private persons.
(d) "Rehabilitation" means the restoration, rehabilitation or conservation of blighted premises by improvement, modernization or repair of a structure or structures thereon to bring it into conformance with applicable building and zoning provisions of the City.
(Ord. 10-1990. Passed 5-21-90.)