HARRY HUGHES, Governor                                    2057

(C)  THE ORDINANCE SHALL INCLUDE PROVISIONS ESTABLISHING THE
NUMBER OF MEMBERS OF THE PUBLIC BODY OR AGENCY, THE MANNER OF
THEIR APPOINTMENT AND REMOVAL, AND THE TERMS OF THE MEMBERS AND
THEIR COMPENSATION.

(D)  THE ORDINANCE MAY INCLUDE WHATEVER ADDITIONAL
PROVISIONS RELATING TO THE ORGANIZATION OF THE PUBLIC BODY OR
AGENCY AS MAY BE NECESSARY.

(E)  IN THE EVENT THE LEGISLATIVE BODY ENACTS THIS
ORDINANCE, ALL OF THE POWERS BY THIS ARTICLE GRANTED TO THE
MUNICIPALITY, FROM THE EFFECTIVE DATE OF THE ORDINANCE, ARE
VESTED IN THE PUBLIC BODY OR AGENCY ESTABLISHED BY THE ORDINANCE.

SECTION 5. POWERS WITHHELD FROM THE AGENCY.

THE AGENCY MAY NOT:

(A)  PASS A RESOLUTION TO INITIATE AN URBAN RENEWAL PROJECT
PURSUANT TO SECTIONS 2 AND 3 OF THIS ARTICLE.

(B)  ISSUE GENERAL OBLIGATION BONDS PURSUANT TO SECTION 9 OF
THIS ARTICLE.

(C)  EXERCISE THE POWER TO APPROPRIATE FUNDS, AND TO LEVY
TAXES AND ASSESSMENTS PURSUANT TO SECTION 3(C) OF THIS ARTICLE.

SECTION 6. INITIATION OF PROJECT.

IN ORDER TO INITIATE AN URBAN RENEWAL PROJECT, THE
LEGISLATIVE BODY OF THE MUNICIPALITY SHALL ADOPT A RESOLUTION
WHICH:

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(A)  FINDS THAT ONE OR MORE SLUM OR BLIGHTED AREAS EXIST IN
THE MUNICIPALITY;

(B)  LOCATES AND DEFINES THE SLUM OR BLIGHTED AREA;

(C)  FINDS THAT THE REHABILITATION, REDEVELOPMENT, OR A
COMBINATION OF THEM, OF THE AREA OR AREAS, IS NECESSARY AND IN
THE INTEREST OF THE PUBLIC HEALTH, SAFETY, MORALS OR WELFARE OF
THE RESIDENTS OF THE MUNICIPALITY.

SECTION 7. PREPARATION AND APPROVAL OF PLAN FOR URBAN RENEWAL
PROJECT.

(A) IN ORDER TO CARRY OUT THE PURPOSES OF THIS ARTICLE, THE
MUNICIPALITY SHALL HAVE PREPARED AN URBAN RENEWAL PLAN FOR SLUM
OR BLIGHTED AREAS IN THE MUNICIPALITY, AND SHALL APPROVE THE PLAN
FORMALLY. PRIOR TO ITS APPROVAL OF AN URBAN RENEWAL PROJECT, THE
MUNICIPALITY SHALL SUBMIT THE 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 ITS WRITTEN RECOMMENDATION
WITH RESPECT TO THE PROPOSED URBAN RENEWAL PLAN TO THE