§ 3214. Issuance of bonds
§ 3214. Issuance of bonds (a) A municipality shall have power to issue bonds from time to time in its discretion to finance the undertaking of any urban renewal project under this chapter, including, without limiting the generality thereof, the payment of principal and interest upon any advances for surveys and plans, or preliminary loans […]
§ 3215. Bonds as legal investments
§ 3215. Bonds as legal investments All banks, trust companies, bankers, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking or investment business; all insurance companies, insurance associations, and other persons carrying on an insurance business; and all executors, administrators, curators, trustees, and […]
§ 3216. Property exempt from taxes and from levy and sale by virtue of an execution
§ 3216. Property exempt from taxes and from levy and sale by virtue of an execution (a) All property of a municipality, including funds, owned or held by it for the purposes of this chapter shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall […]
§ 3217. Cooperation by public bodies
§ 3217. Cooperation by public bodies (a)(1) For the purpose of aiding in the planning, undertaking, or carrying out of an urban renewal project located within the area in which it is authorized to act, any public body may, upon such terms, with or without consideration, as it may determine: (A) dedicate, sell, convey, or […]
§ 3218. Title of purchaser
§ 3218. Title of purchaser Any instrument executed by a municipality and purporting to convey any right, title, or interest in any property under this chapter shall be conclusively presumed to have been executed in compliance with the provisions of this chapter insofar as title or other interest of any bona fide purchasers, lessees, or […]
§ 3219. Exercise of powers in carrying out urban renewal project
§ 3219. Exercise of powers in carrying out urban renewal project (a) A municipality may itself exercise its urban renewal project powers, as herein defined, or may, if the local governing body by resolution determines such action to be in the public interest, elect to have such powers exercised by the urban renewal agency created […]
§ 3220. Urban renewal agency
§ 3220. Urban renewal agency (a) There is hereby created in each municipality a public body corporate and politic to be known as the “urban renewal agency” of the municipality; provided, that such agency shall not transact any business or exercise its powers hereunder until or unless the local governing body has made the finding […]
§ 3221. Interested public officials, commissioners, or employees
§ 3221. Interested public officials, commissioners, or employees No public official or employee of a municipality, or board or commission thereof, and no commissioner or employee of a housing authority or urban renewal agency which has been vested by a municipality with urban renewal project powers under section 3219 of this title shall voluntarily acquire […]
§ 3207. Preparation and approval of urban renewal projects and urban renewal plans
§ 3207. Preparation and approval of urban renewal projects and urban renewal plans (a) A municipality shall not approve an urban renewal project for an urban renewal area unless the governing body has, by resolution, determined such area to be a slum area or a blighted area or a combination thereof and designated such area […]
§ 3208. Neighborhood and community-wide plans
§ 3208. Neighborhood and community-wide plans (a) A municipality or a planning commission may prepare a general neighborhood renewal plan for an urban renewal area, together with any adjoining areas having specially related problems, which may be of such scope that urban renewal activities may have to be carried out in stages. The plan may […]