Resolution determining an area of the City to be a blighted area, and that the rehabilitation, conservation, redevelopment, development, or a combination thereof, of such area is necessary in the interest of the public health, safety or welfare of the residents of the city; designating such area as appropriate for urban renewal projects; and adopting Amendment No. 1 to the 23rd Avenue Urban Renewal Plan.

Ordinance providing that general property taxes levied and collected each year on all property located within the 23rd Avenue Urban Renewal Area by and for the benefit of the State of Iowa, City of Council Bluffs, County of Pottawattamie, Council Bluffs Community School District, and other taxing districts, be paid to a special fund for payment of principal and interest on loans, monies advanced to and indebtedness, including bonds issued or to be issued, incurred by the City in connection with the 23rd Avenue Urban Renewal Area (the 23rd Avenue Urban Renewal Plan as amended by Amendment No. 1.)