A county may not exercise powers under this chapter until it adopts a resolution finding the required conditions exist and continue.
No power granted to a county under this chapter may be exercised unless and until the county shall have found and determined by resolution that conditions substantially as described in § 7-60-102 exist in the county, are continuing and may be ameliorated by the exercise of the powers granted under this chapter. Such resolution shall include the following findings: Persons and families of lower and moderate income in the county are subject to hardship in finding and financing through private banking channels decent, safe and sanitary housing; Private enterprise is not adequately meeting the need for providing and financing decent, safe and sanitary housing for such persons and families and the reduction of blight and deterioration; There exist in the county conditions of blight and the deterioration of the quality of the environment and living conditions in the county; Conditions of unemployment and underemployment exist in the construction industry in the county; and The conditions of unemployment and underemployment and the need for decent, safe and sanitary housing shall be diminished and the blight and the deterioration of the quality of the environment and living conditions in the county shall be alleviated by the exercise and full implementation of the powers granted under this chapter. The resolution shall not pass final consideration until after a public hearing on the preliminary findings and determinations on the conditions in such county. Not less than thirty (30) days prior to such public hearing, a notice of public hearing shall be published in a newspaper of general circulation in the county. Such notice shall include the preliminary findings and determinations on which such resolution was adopted.