(a) Whenever the commission finds that:

1. (1) an area in the redevelopment district is an area needing redevelopment;
2. (2) the conditions described in IC 36-7-1-3 cannot be corrected in the area by regulatory processes or by the ordinary operations of private enterprise without resort to this chapter; and

3. (3) the public health and welfare will be benefited by:

   1. (A) the acquisition and redevelopment of the area under this chapter as a redevelopment project area or an urban renewal area; or
   2. (B) the amendment of the resolution or plan, or both, for an existing redevelopment project area or urban renewal area; and

4. (4) in the case of an amendment to the resolution or plan for an existing redevelopment project area or urban renewal area:

   1. (A) the amendment is reasonable and appropriate when considered in relation to the original resolution or plan and the purposes of this chapter; and

   2. (B) the resolution or plan, with the proposed amendment, conforms to the comprehensive plan for the unit;

      the commission shall cause to be prepared a redevelopment or urban renewal plan.

(b) The redevelopment or urban renewal plan must include:

1. (1) maps, plats, or maps and plats, showing:

   1. (A) the boundaries of the area in which property would be acquired for, or otherwise affected by, the establishment of a redevelopment project area or urban renewal area, or the amendment of the resolution or plan for an existing area;
   2. (B) the location of the various parcels of property, public ways, and other features affecting the acquisition, clearance, replatting, replanning, rezoning, or redevelopment of the area or areas, indicating any parcels of property to be excluded from the acquisition or otherwise excluded from the effects of the establishment of the redevelopment project area or the amendment of the resolution or plan for an existing area; and
   3. (C) the parts of the area acquired that are to be devoted to public ways, levees, sewerage, parks, playgrounds, and other public purposes;
2. (2) lists of the owners of the various parcels of property proposed to be acquired for, or otherwise affected by, the establishment of an area or the amendment of the resolution or plan for an existing area; and
3. (3) an estimate of the costs, if any, to be incurred for the acquisition and redevelopment of property.

(c) This subsection applies to the initial establishment of a redevelopment project area or urban renewal area. After completion of the data required by subsection (b), the commission shall adopt a resolution declaring that:

1. (1) the area needing redevelopment is a detriment to the social or economic interests of the consolidated city and its inhabitants;
2. (2) it will be of public utility and benefit to acquire the area and redevelop it under this chapter; and

3. (3) the area is designated as a redevelopment project area for purposes of this chapter.

   The resolution must state the general boundaries of the redevelopment project area and identify the interests in real or personal property, if any, that the department proposes to acquire in the area.

(d) This subsection applies to the amendment of the resolution or plan for an existing redevelopment project area or urban renewal area. After completion of the data required by subsection (b), the redevelopment commission shall adopt a resolution declaring that:

1. (1) it will be of public utility and benefit to amend the resolution or plan for the area; and

2. (2) any additional area to be acquired under the amendment is designated as part of the existing redevelopment project area or urban renewal area for purposes of this chapter.

   The resolution must state the general boundaries of the redevelopment project area or urban renewal area, including any changes made to those boundaries by the amendment, and describe the activities that the department is permitted to take under the amendment, with any designated exceptions.

(e) For the purpose of adopting a resolution under subsection (c) or (d), it is sufficient to describe the boundaries of the redevelopment project area by its location in relation to public ways or streams, or otherwise, as determined by the commission. Property proposed for acquisition may be described by street numbers or location.

As added by Acts 1982, P.L.77, SEC.8. Amended by P.L.358-1983, SEC.2; P.L.14-1991, SEC.15; P.L.185-2005, SEC.29; P.L.146-2008, SEC.745; P.L.172-2011, SEC.151.