HARRY HUGHES, Governor                                    2053

(2)  DEMOLITION AND REMOVAL OF BUILDINGS AND
IMPROVEMENTS;

(3)  INSTALLATION, CONSTRUCTION OR RECONSTRUCTION OF

STREETS, UTILITIES, PARKS, PLAYGROUNDS, AND OTHER IMPROVEMENTS
NECESSARY FOR CARRYING OUT THE URBAN RENEWAL OBJECTIVES OF THIS
ARTICLE IN ACCORDANCE WITH THE URBAN RENEWAL PLAN;

(4)  DISPOSITION OF ANY PROPERTY ACQUIRED IN THE URBAN
RENEWAL AREA INCLUDING SALE, INITIAL LEASING OR RETENTION BY THE
MUNICIPALITY ITSELF, AT ITS FAIR VALUE FOR USES IN ACCORDANCE
WITH THE URBAN RENEWAL PLAN;

(5)  CARRYING OUT PLANS FOR A PROGRAM OF VOLUNTARY OR
COMPULSORY REPAIR AND REHABILITATION OF BUILDINGS OR OTHER
IMPROVEMENTS IN ACCORDANCE WITH THE URBAN RENEWAL PLAN;

(6)  ACQUISITION OF ANY OTHER REAL PROPERTY IN THE
URBAN RENEWAL AREA WHERE NECESSARY TO ELIMINATE UNHEALTHFUL,
UNSANITARY OR UNSAFE CONDITIONS, LESSEN DENSITY, ELIMINATE
OBSOLETE OR OTHER USES DETRIMENTAL TO THE PUBLIC WELFARE, OR
OTHERWISE TO REMOVE OR PREVENT THE SPREAD OF BLIGHT OR
DETERIORATION, OR TO PROVIDE LAND FOR NEEDED PUBLIC FACILITIES;
AND

(7)  THE PRESERVATION, IMPROVEMENT OR EMBELLISHMENT OF
HISTORIC STRUCTURES OR MONUMENTS.

(F)  "URBAN RENEWAL AREA" MEANS A SLUM AREA OR A BLIGHTED
AREA OR A COMBINATION OF THEM WHICH THE MUNICIPALITY DESIGNATES
AS APPROPRIATE FOR AN URBAN RENEWAL PROJECT.

(G)  "URBAN RENEWAL PLAN" MEANS A PLAN, AS IT EXISTS FROM
TIME TO TIME, FOR AN URBAN RENEWAL PROJECT. THE PLAN SHALL BE
SUFFICIENTLY COMPLETE TO INDICATE WHATEVER LAND ACQUISITION,
DEMOLITION AND REMOVAL OF STRUCTURES, REDEVELOPMENT,
IMPROVEMENTS, AND REHABILITATION AS MAY BE PROPOSED TO BE CARRIED
OUT IN THE URBAN RENEWAL AREA, ZONING AND PLANNING CHANGES, IF
ANY, LAND USES, MAXIMUM DENSITY AND BUILDING REQUIREMENTS.

(H) "BONDS" MEANS ANY BONDS (INCLUDING REFUNDING BONDS),
NOTES, INTERIM CERTIFICATES, CERTIFICATES OF INDEBTEDNESS,
DEBENTURES OR OTHER OBLIGATIONS.

(I) "PERSON" MEANS ANY INDIVIDUAL, FIRM, PARTNERSHIP,
CORPORATION, COMPANY, ASSOCIATION, JOINT STOCK ASSOCIATION, OR
BODY POLITIC. IT INCLUDES ANY TRUSTEE, RECEIVER, ASSIGNEE, OR
OTHER PERSON ACTING IN SIMILAR REPRESENTATIVE CAPACITY.

(J) "MUNICIPALITY" MEANS A MUNICIPAL CORPORATION OF THIS
STATE.

SECTION 2. POWERS.