2006 New Mexico Statutes - Section 3-60-24 — Finding of necessity by local government.
3-60-24. Finding of necessity by local government.
No municipality shall exercise any of the powers conferred upon municipalities by the Community Development Law [ 3-60-1 to 3-60-37 NMSA 1978] until after its local governing body shall have adopted a resolution finding that:
A. one or more slum or blighted areas exist in the municipality; and
B. the rehabilitation, conservation, clearance, redevelopment, development or a combination thereof, of such area or areas is necessary in the interest of the public health, safety, morals or welfare of the residents of the municipality.
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