215.349. Properties selected for renovation pursuant to theprovisions of sections 215.340 to 215.349 shall be located in those areasof the urban core of the city which are in the greatest need ofneighborhood rehabilitation. Each administering agency shall make a planor plans to carry out the purposes of this section and such plans shall beavailable to the public. In making the plan or plans required by thissection, each agency shall hold public hearings at reasonable times andplaces from which to obtain community input in order to assess the impactof any proposed plan on any neighborhood involved and to assist them indetermining which neighborhood or neighborhoods shall be given the highestpriority. The factors which the agency may consider, among all otherrelevant considerations, are:
(1) The number of properties owned by the city in a neighborhoodwhich could be renovated; and
(2) The prior commitment of private developers to the area selectedor adjacent areas for purposes of assuring that purchasers of such propertycan obtain financing and insurance.
(L. 1997 2d Ex. Sess. S.B. 1 ยง 11)Effective 12-23-97