In this Charter, the following words shall have the
meanings indicated:
BLIGHTED AREA
An area in which a majority of buildings have declined in
productivity by reason of obsolescence, depreciation or other causes
to an extent they no longer justify fundamental repairs and adequate
maintenance.
BONDS
Any bonds (including refunding bonds), notes, interim certificates,
certificates of indebtedness, debentures or other obligations.
FEDERAL GOVERNMENT
The United States of America or any agency or instrumentality,
corporate or otherwise, of the United States of America.
PERSON
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.
SLUM AREA
Any area where dwellings predominate which, by reason of
depreciation, overcrowding, faulty arrangement or design, lack of
ventilation, light or sanitary facilities, or any combination of these
factors, are detrimental to the public safety, health or morals.
URBAN RENEWAL AREA
A slum area or blighted area, or combination of them, which
the municipality designates as appropriate for an urban renewal project.
URBAN RENEWAL PLAN
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.
URBAN RENEWAL PROJECT
Undertakings and activities of a municipality in an urban
renewal area for the elimination and for the prevention of the development
or spread of slums and blight, and may involve slum clearance and
redevelopment in an urban renewal area or rehabilitation or conservation
in an urban renewal area or any combination or part of them in accordance
with an urban renewal plan. These undertakings and activities may
include:
(1)
Acquisition of a slum area or blighted area
or portion of them.
(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.
(7)
The preservation, improvement or embellishment
of historic structures or monuments.