Section 7-15-4217 - Criteria for approval of urban renewal projectFollowing the hearing required by 7-15-4214, the local governing body may, by ordinance, approve an urban renewal project if it finds that:
(1) a workable and feasible plan exists for making available adequate housing for the persons who may be displaced by the project;(2) the urban renewal plan conforms to the comprehensive plan or parts thereof for the municipality as a whole;(3) the urban renewal plan will afford maximum opportunity, consistent with the sound needs of the municipality as a whole, for the rehabilitation or redevelopment of the urban renewal area by private enterprise; and(4) a sound and adequate financial program exists for the financing of said project.En. Sec. 6, Ch. 195, L. 1959; amd. Sec. 2, Ch. 38, L. 1965; amd. Sec. 2, Ch. 210, L. 1969; amd. Sec. 18, Ch. 158, L. 1971; R.C.M. 1947, 11-3906(part); amd. Sec. 2, Ch. 667, L. 1979.