Alaska Statutes 18.55.560 – Acquisition and development of undeveloped vacant land
Upon a determination, by resolution, of the governing body of the municipality that the acquisition and development of undeveloped vacant land not within a slum or blighted area is essential to the proper clearance or redevelopment of a slum or blighted area or a necessary part of the general slum clearance program of the municipality, the acquisition, planning, preparation for development or disposal of the land shall constitute a redevelopment project that may be undertaken by the corporation in the manner provided in Alaska Stat. § 18.55.480 – 18.55.960. The determination by the governing body is a substitute for the declaration required by Alaska Stat. § 18.55.530(b) but the determination may not be made until the governing body finds that
Terms Used In Alaska Statutes 18.55.560
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- municipality: means a political subdivision incorporated under the laws of the state that is a home rule or general law city, a home rule or general law borough, or a unified municipality. See Alaska Statutes 01.10.060