2140                                 MUNICIPAL CHARTERS

90-3. ESTABLISHMENT OF AGENCY. THE MUNICIPALITY MAY
ITSELF EXERCISE ALL THE POWERS GRANTED BY THIS
SUBHEADING OR MAY, IF ITS LEGISLATIVE BODY BY ORDINANCE
DETERMINES SUCH ACTION TO BE IN THE PUBLIC INTEREST,
ELECT TO HAVE SUCH POWERS EXERCISED BY A SEPARATE
PUBLIC BODY OR AGENCY AS HEREINAFTER PROVIDED. IN THE
EVENT SAID LEGISLATIVE BODY MAKES SUCH DETERMINATION, IT
SHALL PROCEED BY ORDINANCE TO ESTABLISH A PUBLIC BODY
OR AGENCY TO UNDERTAKE IN THE MUNICIPALITY THE
ACTIVITIES AUTHORIZED BY THIS SUBHEADING. SUCH
ORDINANCES SHALL INCLUDE PROVISIONS ESTABLISHING THE
NUMBER OF MEMBERS OF SUCH PUBLIC BODY OR AGENCY, THE
MANNER OF THEIR APPOINTMENT AND REMOVAL, THE TERMS OF
SAID MEMBERS AND THEIR COMPENSATION. THE ORDINANCE
MAY INCLUDE SUCH ADDITIONAL PROVISIONS RELATING TO THE
ORGANIZATION OF SAID PUBLIC BODY OR AGENCY AS MAY BE
NECESSARY. IN THE EVENT THE LEGISLATIVE BODY ENACTS SUCH
AN ORDINANCE, ALL OF THE POWERS BY THIS SUBHEADING
GRANTED TO THE MUNICIPALITY SHALL, FROM THE EFFECTIVE
DATE OF SAID ORDINANCE, BE VESTED IN THE PUBLIC BODY OR
AGENCY THEREBY ESTABLISHED, EXCEPT:

(1) THE POWER TO PASS A RESOLUTION TO INITIATE AN URBAN
RENEWAL PROJECT PURSUANT TO SECTION 90-4 OF THIS
SUBHEADING.

(2)    THE POWER TO ISSUE GENERAL OBLIGATION BONDS
PURSUANT TO SECTION 90-9 OF THIS SUBHEADING.

(3)  THE POWER TO APPROPRIATE FUNDS, AND TO LEVY TAXES
AND ASSESSMENTS PURSUANT TO SECTION 90-2(3) OF THIS
SUBHEADING.

90-4. INITIATION OF PROJECT. IN ORDER TO INITIATE AN URBAN
RENEWAL PROJECT, THE LEGISLATIVE BODY OF THE
MUNICIPALITY SHALL ADOPT A RESOLUTION WHICH

(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 PUBLIC HEALTH, SAFETY,
MORALS OR WELFARE OF THE RESIDENTS OF SUCH
MUNICIPALITY.

90-5. PREPARATION AND APPROVAL OF PLAN.

(A) PROCEDURE. THE MUNICIPALITY, IN ORDER TO CARRY
OUT THE PURPOSES OF THIS SUBHEADING, SHALL PREPARE OR
CAUSE TO BE PREPARED AN URBAN RENEWAL PLAN FOR SLUM
OR BLIGHTED AREAS IN THE MUNICIPALITY, AND SHALL
FORMALLY APPROVE SUCH PLAN. PRIOR TO IS APPROVAL OF AN
URBAN RENEWAL PROJECT, THE MUNICIPALITY SHALL SUBMIT
SUCH PLAN TO THE PLANNING 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