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F. 992 99: A 469.023 ECONOMIC DEVELOPMENT ' t ' to federal law applicable to federal financial assistance for the project.If it is found upon investigation that the net income of any families have increased beyond the maximum sh income limits fixed pursuant to section 469.022 for continued occupancy in the hous- ' ing, those families shall be required to move from the project. h. 46 i History: 1987 c 291 s 23 �i. 1. 469.024 POWER OF AUTHORITY. a r; P; Nothing contained in sections 469.016 to 469.024 shall be construed as limiting thf the power of an authority(1)with respect to a housing project to vest in an obligee the nie ' right,in the event of a default by the authority,to take possession or cause the appoint- pr( ment of receiver of the project, free from the r a estrictions imposed by this section or inl section a receiver 3;or(2)with respect to a redevelopment project,in the event of a default aft by a purchaser or lessee of land, to acquire property and operate it free from such on restrictions. pr( x c: History: 1987 c 291 s 24 469.025 DEMOLITION OF UNSAFE OR UNSANITARY BUILDINGS. wit No project for low-rent housing or the clearance of a blighted area involving the construction of new dwellings shall be undertaken by a housing authority unless,subse- ma ma quent to the initiation of the project, there has been or will be elimination by demoli- 7 tion, condemnation, and effective closing, or compulsory repair; of unsafe or unsanitary buildings situated in the area of operation substantially equal in number to loc ;i the number of dwelling units provided by the project. The elimination may, upon approval by the commissioner of trade and economic development, be deferred for a res period determined by the commissioner if the shortage of decent,safe,or sanitary hous- wit ;i ing available to families of low income is so acute as to force dangerous overcrowding boc of those families. are History: 1987 c 291 s 25; 1987 c 312 art 1 s 26 subd 2 me hay t 469.026 EXISTING BUILDINGS; ACQUISITION, REPAIR. mi An authority may purchase,lease,or otherwise acquire existing buildings for reha- det bilitation into low-rent housing.The provisions of sections 469.001 to 469.047 relating ern to other low-rent housing projects shall apply to the projects. Before proceeding with for i �W the project, an authority shall make an analysis demonstrating: (1) the buildings to be acquired or leased shall be in such condition that it is feasi- or i ble to remodel, repair,or reconstruct them and that the buildings,when rehabilitated, tue will provide decent, safe, and sanitary housing; (2) the rehabilitation of the buildings comprising the project will p'revent or arrest the spread of blight so as to protect the neighborhood in which the buildings are located; laic 111 and size (3) the rehabilitated buildings will provide low-rent housing,will help to consery e the existing housing supply, and will otherwise accomplish the purposes of sections deN 469.001 to 469.047. un1 Nothing in this section shall limit the powers of an authority with iespect to a rede- put velopment project. pre ., tioc _ History: 1987 c 291 s 26 to t {1 469.027 REDEVELOPMENT PLAN. car Any person may submit a redevelopment plan to an authority,or an authority may consider a redevelopment plan on its own in transmit the plan to the planning agency of the city in which the area to be redeveloped itiative. An authority shall immediately ect unc rail is situated, for its study, or, if no planning agency exists, the plan shall be submitted stre to an agency indicated by the governing body of the city.An authority shall request the _ y written opinion of the planning or other agency on all redevelopment plans submitted Pie ;I