(A) Council shall either approve, modify or reject the urban renewal or redevelopment plan after it has held a public hearing at which an opportunity has been provided to all interested persons to be heard either in person or by counsel.
(B) Notice of the time and place of such hearing shall be published in a newspaper of general circulation in the city once a week for two consecutive weeks, with the first publication at least 14 days prior to the date set for the public hearing. Such notice shall contain a description of the project area by its location in relation to highways, streets, streams or other landmarks and shall state that maps, plats and other material describing the urban renewal or redevelopment plan are available for public inspection at a place to be designated in such notice. If the project area includes ten or less parcels of land, as listed on the current tax duplicate, written notice of the public hearing, with similar contents, shall also be mailed, by first class mail, at least seven days before the date set for the public hearing, to the last known owner of each such parcel of land or to the last known address of such owner as shown by the records of the City Auditor.
(C) The public hearing may be adjourned from time to time without further notice. If, after public hearing, the boundaries of the project area are amended so as to include any property not included in the description of the proposed project area set forth in the notice of public hearing, further notice shall be given in the same manner as for the original hearing. Other amendments as a result of the public hearing shall not require further notice or additional public hearings, except as provided in § 1232.07.
(D) After the public hearing, Council may approve the redevelopment plan by a majority vote. If Council approves the redevelopment plan, it shall include in its approval the following findings:
(1) That the area described in the redevelopment plan is a blighted area;
(2) That the urban renewal or redevelopment plan for the project area will afford maximum opportunity, consistent with the needs of the locality as a whole, for the redevelopment of the project area by private enterprise; and
(3) That the redevelopment plan is feasible and conforms to the general or master plan, as it then exists, for the overall development of the city.
(E) The approval by Council of the urban renewal or redevelopment plan constitutes authority to spend general tax revenues appropriated for such property and the proceeds of bonds issued for such purpose and to accept gifts, donations and grants from the United States, the state, any entity, instrumentality or subdivision of either or any other entity or person.
(`82 Code, § 1232.06) (Ord. 86-77, passed 10-7-86; Am. Ord. 94-79, passed 8-16-94)