The village shall have the authority to acquire by purchase, gift, bequest, eminent domain, negotiation or otherwise, blighted property and to hold, raze, manage, redevelop, including but not limited to, the construction and or renovation of residential homes on blighted property, and dispose of said property all in accordance with the procedures set forth in this section and as otherwise permitted by law. The village shall also have the authority to acquire real estate adjacent to any blighted property, if, in the reasonable opinion of the village, the acquisition of such adjacent real estate will further the redevelopment of the blighted property.
(Ord. 22-13, passed 4-26-2022)