J. MILLARD TAWES, GOVERNOR 1041
(1) finds that one or more slum or blighted areas exist in such
municipality;
(2) locates and defines the said slum or blighted areas;
(3) finds that the rehabilitation, redevelopment, or a combination
thereof, of such area or areas, is necessary in the interest of the
public health, safety, morals or welfare of the residents of such
municipality.
5. Preparation and approval of Plan for Urban Renewal Project
(a) The municipality, in order to carry out the purposes of this
sub-heading, shall prepare or cause to be prepared an urban re-
newal plan for slum or blighted areas in the municipality, and
shall formally approve such plan. Prior to its approval of an urban
renewal project, the municipality shall submit such plan to the plan-
ning body of the municipality, for review and recommendations as to
its conformity with the master plan for the development of the
municipality as a whole. The planning body shall submit its written
recommendation with respect to the proposed urban renewal plan
to the municipality within sixty days after receipt of the plan for
review, upon receipt of the recommendations of the planning body
or, if no recommendations are received within said sixty days, then
without such recommendations, the municipality may proceed with
a public hearing on the proposed urban renewal project. The munic-
ipality shall hold a public hearing on an urban renewal project after
public notice thereof by publication in a newspaper having a general
circulation within the corporate limits of the municipality. The
notice shall describe the time, date, place and purpose of the hear-
ing, shall generally identify the urban renewal area covered by the
plan, and shall outline the general scope of the urban renewal project
under consideration. Following such hearing, the municipality may
approve an urban renewal project and the plan therefor if it finds
that: (1) a feasible method exists for the location of any families
who will be displaced from the urban renewal area in decent, safe
and sanitary dwelling accommodations within their means and with-
out undue hardship to such families; (2) the urban renewal plan
substantially conforms to the master plan of the municipality as a
whole; and (3) the urban renewal plan will afford maximum oppor-
tunity, consistent with the sound needs of the municipality as a
whole, for the rehabilitation or redevelopment of the urban renewal
area by private enterprise.
(b) An urban renewal plan may be modified at any time, provided
that if modified after the lease or sale of real property in the urban
renewal project area, the modification may be conditioned upon such
approval of the owner, lessee or successor in interest as the munic-
ipality may deem advisable and in any event shall be subject to such
rights at law or in equity as a lessee or purchaser, or his successor
or successors in interest, may be entitled to assert. Where the pro-
posed modification will substantially change the urban renewal plan
as previously approved by the municipality, the modification shall
be formally approved by the municipality, as in the case of an
original plan.
(c) Upon the approval by the municipality of an urban renewal
plan or of any modification thereof, such plan or modification shall
be deemed to be in full force and effect for the respective urban
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