Section 103 – Initiating a community reinvestment project area plan.

• (1) Subject to Subsection (2), a board shall initiate the process of adopting a community reinvestment project area plan by adopting a survey area resolution that:
  • (a) designates a geographic area located within the agency’s boundaries as a survey area;
  • (b) contains a description or map of the boundaries of the survey area;
  • (c) contains a statement that the survey area requires study to determine whether project area development is feasible within one or more proposed community reinvestment project areas within the survey area; and
  • (d) authorizes the agency to:
    • (i) prepare a proposed community reinvestment project area plan for each proposed community reinvestment project area; and
    • (ii) conduct any examination, investigation, or negotiation regarding the proposed community reinvestment project area that the agency considers appropriate.

• (2) If an agency anticipates using eminent domain to acquire property within the survey area, the resolution described in Subsection (1) shall include:
  • (a) a statement that the survey area requires study to determine whether a development impediment exists within the survey area; and
  • (b) authorization for the agency to conduct a development impediment study in accordance with Section 17C-5-403.

Amended by Chapter 376, 2019 General Session