CHAPTER 336

An Act to amend and reenact § 86-49 of the Code of Virginia, relating to
undertakings constituting redevelopment projects. 9
(S 164]

Approved March 30, 1962

Be it enacted by the General Assembly of Virginia:
ta That § 36-49 of the Code of Virginia be amended and reenacted as

ollows:

§ 36-49. Any authority now or hereafter established, in addition to
other powers granted by this or any law, is specifically empowered to
carry out any work or undertaking (hereafter called a “redevelopment
project’’) :

(1) To acquire blighted or deteriorated areas, which are hereby
defined as areas (including slum areas) with buildings or improvements
which, by reason of dilapidation, obsolescence, overcrowding, faulty ar-
rangement of design, lack of ventilation, light and sanitary facilities,
excessive land coverage, deleterious land use or obsolete layout, or. any
combination of these or other factors, are detrimental to the safety,
health, morals or welfare of the community;

(2) To acquire other real property for the purpose of removing,
preventing, or reducing blight, blighting factors or the cause of blight;

(3) To acquire real property where the condition of the title, the
diverse ownership of the real property to be assembled, the street or lot
layouts, or other conditions prevent a proper development of the property
and where the acquisition of the area by the authority is necessary to
carry out a redevelopment plan;

(4) To permit the preservation, repair, or restoration of buildings
of historic interest; and to clear any areas acquired and install, con-
struct, or reconstruct streets, utilities, and site improvements essential
to the preparation of sites for uses in accordance with the redevelop-
ment plan;

(5) To make land so acquired available to private enterprise or
public agencies (including sale, leasing, or retention by the authority
itself) in accordance with the redevelopment plan; or

(6) To accomplish any combination of the foregoing to carry out
a redevelopment plan.