97-92 AMENDING CITY CODE - CHAPTER 49.1

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lack of community planning, diversity of ownership of such land; or tax or special assessment delinquencies on such land which exceed the fair value thereof, is detrimental to the public safety, health, morals or welfare and such an area may become a blight area. (e) "Commercial redevelopment plan" or "redevelopment plan" means the comprehensive program for the clearing or rehabilitation and physical development of a blight or conservation area, and includes an analysis and projection of the steps necessary for the elimination or rehabilitation of a blight or conservation area and the protection of adjacent areas, and all administrative, funding and financial details and proposals necessary to effectuate the plan. (fl "Redevelopment area" means the blight or conservation area of not less in the aggregate � than one (1) acre,to be developed in accordance with the redevelopment plan. II 3. BLIGHT OR CONSERVATION AREA. (A) The City Council may, by ordinance or resolution, designate blight or conservation areas within the City. Such ordinance or resolution sha11 contain the findings of the Council, consistent with Section 2 hereof, that led to the designation of such area. (B) Before the Council designates any area as provided in subsection (A) hereof, the Plan Commission shall hold a public hearing regarding such area. Notice of such hearing shall be given in a newspaper of general circulation in the City not less than fifteen (15) nor more than thirty (30) days prior to said hearing. In addition, notice of said hearing shall be given by mail addressed to all owners of record of property located within said area. At said hearing, the Director of Community Development, or such officer's designee, shall report on the factors listed in Section 2 hereof as they apply to said area. Property owners and the public generally may appear and be heard.