A.
It is hereby found and declared that premises exist within the Village limits which are blighted because there exist thereon blighted buildings or structures either due to faulty design or construction or to failure to maintain them in a proper state of repair or to improper management or due to the accumulation thereon of junk, wood, brick, cement block or other unsightly debris, refrigerators, furnaces, appliances, machinery or parts thereof, structurally unsound fences and other such items which tend to depreciate property values and to jeopardize or be detrimental to the health, safety, morals or welfare of the Village residents.[1]
B.
It is hereby further found and declared that such blighted premises, buildings or structures contribute to the development of, or increase in, disease, infant mortality, crime and juvenile delinquency; that conditions existing on such blighted premises are dangerous to the public health, safety, morals and general welfare of the residents; that conditions existing on such blighted premises necessitate excessive and disproportionate expenditure of public funds for public health, public safety, crime prevention, fire protection and other public services; that the conditions existing on such blighted premises cause a drain upon public revenue and impair the efficient and economical exercise of governmental functions in such areas.
C.
It is hereby further found and declared that the elimination of blighted premises and the prevention of occurrence of blighted premises in the future is in the best interests of the citizens of this Village and that the accomplishment of this end will be fostered and encouraged by the enactment and enforcement of this section. It is hereby declared to be essential to the public interest and it is intended that this section be liberally construed to effectuate the purpose heretofore stated.