Sec. 8-290. Declaration of policy.
Sec. 8-290. Declaration of policy. It is hereby found and declared that there exists
within the municipalities of this state a large number of real properties containing vacant
and abandoned buildings that were once used for industrial or commercial purposes, that
many of these vacant and abandoned buildings are located in areas which are blighted or
dilapidated and that the existence of such vacant and abandoned buildings contributes
to the further decline of such blighted or dilapidated areas. It is further found that the
abandonment and forfeiture of real properties with structures thereon is adversely affecting the economic well being of the municipalities and is inimical to the health, safety
and welfare of the residents of this state. It is further found that many of the vacant and
abandoned buildings can be rehabilitated, reconstructed or reused so as to provide safe
and productive industrial or commercial facilities and that such rehabilitation, reconstruction or reuse would eliminate, remedy and prevent the adverse conditions described
above. It is further found that private enterprise has not been able to undertake and carry
out the rehabilitation, reconstruction or reuse of abandoned and vacant industrial or
commercial buildings within the blighted or dilapidated areas of the municipalities of
this state and that the provisions of this chapter are necessary and in the public interest.
(P.A. 77-503, S. 1.)