(1) An agency shall ensure that each development impediment study required under Subsection 17C-2-102(1)(a)(i)(A): (a) undertakes a parcel by parcel survey of the survey area; (b) provides data so the board and taxing entity committee may determine: (i) whether the conditions described in Subsection 17C-2-303(1): (A) exist in part or all of the survey area; and (B) qualify an area within the survey area as a project area; and (ii) whether the survey area contains all or part of a superfund site, an inactive industrial site, or inactive airport site; (c) includes a written report setting forth: (i) the conclusions reached; (ii) any recommended area within the survey area qualifying as a project area; and (iii) any other information requested by the agency to determine whether an urban renewal project area is feasible; and (d) is completed within one year after the adoption of the survey area resolution.

(a) undertakes a parcel by parcel survey of the survey area;

(b) provides data so the board and taxing entity committee may determine: (i) whether the conditions described in Subsection 17C-2-303(1): (A) exist in part or all of the survey area; and (B) qualify an area within the survey area as a project area; and (ii) whether the survey area contains all or part of a superfund site, an inactive industrial site, or inactive airport site;

(i) whether the conditions described in Subsection 17C-2-303(1): (A) exist in part or all of the survey area; and (B) qualify an area within the survey area as a project area; and

(A) exist in part or all of the survey area; and

(B) qualify an area within the survey area as a project area; and

(ii) whether the survey area contains all or part of a superfund site, an inactive industrial site, or inactive airport site;

(c) includes a written report setting forth: (i) the conclusions reached; (ii) any recommended area within the survey area qualifying as a project area; and (iii) any other information requested by the agency to determine whether an urban renewal project area is feasible; and

(i) the conclusions reached;

(ii) any recommended area within the survey area qualifying as a project area; and

(iii) any other information requested by the agency to determine whether an urban renewal project area is feasible; and

(d) is completed within one year after the adoption of the survey area resolution.

(2) (a) If a development impediment study is not completed within one year after the adoption of the resolution under Subsection 17C-2-101.5(1) designating a survey area, the agency may not approve an urban renewal project area plan based on that development impediment study unless the agency first adopts a new resolution under Subsection 17C-2-101.5(1). (b) A new resolution under Subsection (2)(a) shall in all respects be considered to be a resolution under Subsection 17C-2-101.5(1) adopted for the first time, except that any actions taken toward completing a development impediment study under the resolution that the new resolution replaces shall be considered to have been taken under the new resolution.

(a) If a development impediment study is not completed within one year after the adoption of the resolution under Subsection 17C-2-101.5(1) designating a survey area, the agency may not approve an urban renewal project area plan based on that development impediment study unless the agency first adopts a new resolution under Subsection 17C-2-101.5(1).

(b) A new resolution under Subsection (2)(a) shall in all respects be considered to be a resolution under Subsection 17C-2-101.5(1) adopted for the first time, except that any actions taken toward completing a development impediment study under the resolution that the new resolution replaces shall be considered to have been taken under the new resolution.