After the public hearing, Council may approve the urban renewal plan by a majority vote, unless such plan has been disapproved by the Planning and Zoning Commission, in which case it may be approved by not less than five affirmative votes of the membership of Council. 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 deteriorated or blighted area;
(b) That there is a feasible method for the relocation of the families displaced from the project area and that there are or are being provided in the project area, or in other areas not less desirable in regard to public utilities and public and commercial facilities, at rents and prices within the financial means of the families displaced from the project area, decent, safe and sanitary dwellings, equal in number to the number of such displaced families, available to them and reasonably accessible to their places of employment;
(c) Whether financial aid to be provided by the Federal government, if any, is necessary to enable the project to be undertaken in accordance with the urban renewal plan;
(d) 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; and
(e) That the urban renewal plan conforms to the master plan, as it then exists, for the overall development of the City. (Ord. 1966-39. Passed 2-15-66.)