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Redevelopment Project Area No. 1 <br />1.1.3 Statement of Authority <br />The Housing and Redevelopment Authority Act' grants municipalities the authority to designate <br />redevelopment areas within the boundaries of the municipalities. Within these areas, the municipality <br />may adopt a redevelopment plan and establish a project consistent with the municipality's public <br />purpose. The Project as contemplated by this Plan consists of a redevelopment project as defined in <br />Section 469.001, Subdivision 14. <br />1.1.4 Findings <br />The City and the EDA make the following findings: <br />1. The certain parcels of land in the project area would not be made available for redevelopment <br />without some public financial aid. <br />2. The redevelopment plans for the Redevelopment Area in the City will afford maximum <br />opportunity consistent with the needs of the locality as a whole, for the redevelopment of the area <br />by private enterprise. <br />3. The Redevelopment Plan conforms to the general plan for development of the locality as a <br />whole. <br />1.2 Project Area <br />The boundaries of the Redevelopment Area are illustrated in Figure 1 -1. All land included in the Project <br />Area is within the legal boundaries of the City. <br />' See Minnesota Statutes, Sections 469.001 through 469.047. <br />1-2 <br />Page 139 <br />