§ 150.062 EXERCISE OF EMINENT DOMAIN.
   (A)   Purpose; public interest. In order to maintain a sufficient supply of adequate, safe and sanitary buildings used for housing, commercial, industrial or other purposes, or any combination of purposes, it is found that the public interest requires that the City Council be authorized to acquire buildings, real estate on which buildings are located, or vacant or undeveloped real estate which is found to be hazardous, and the acquisition of the buildings and real estate is declared to be a public purpose, pursuant to Minn. Stat. § 463.152, as it may be amended from time to time.
   (B)   Acquisition; procedure. In furtherance of the public policy declared in division (A) above, the City Council may, by eminent domain, acquire any hazardous building, real estate on which any such building is located, or vacant or undeveloped real estate.
(2001 Code, § 902.05)