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ORDINANCE NO. NS-2039 PAGE FIVE (2) The existence of properties which suffer from deterioration and disuse because of: inadequate public improve- ments, facilities and utilities, which cannot be remedied by private or governmental action without redevelopment, particu- larly deficiencies in the transportation and circulation systems, storm drainage, water and sewer systems, public utilities, and the existence of parcels that are of irregular form, shape, or size for proper usefulness and development; and (3) A prevalence of social maladjustment; and (4) A prevalence of impaired investments, and economic maladjustment. Such conditions are causing and will increasingly cause a reduction and lack of proper utilization of the area to such an extent that it constitutes a serious physical, social and economic burden on the City which cannot reasonably be expected to be reversed or alleviated by private enterprise acting alone, requiring redevelopment in the interest of the health, safety and general welfare of the people of the City and the State. This finding is based on the fact that governmental action avail- able to the city without redevelopment would be insufficient to cause any significant correction of the blighting conditions, and that the nature and costs of the public improvements and facili- ties and other actions required to correct the blighting con- ditions are beyond the capacity of the City and cannot be under- taken or borne by private enterprise, acting alone or in con- cert with available governmental action. b) The Project Area is an urbanized area. This find- ing is based upon the fact that not less than eighty percent (80% of the privately owned property in the Project Area has been or is developed for urban uses, as demonstrated by the Commission's Report to City Council. In addition, as demonstrated by the Com- mission's Report to City Council, the Project Area is part of an area developed for urban uses. c) The Redevelopment Plan will redevelop the Project Area in conformity with the Community Redevelopment Law and in the interests of the public peace, health, safety and welfare. This finding is based upon the fact that the purposes of the Community Redevelopment Law would be attained by the Project: by the elimination of areas suffering from economic dislocation or disuse; by the replanning, redesign and/or redevelopment of areas which are stagnant or improperly utilized, and which could not be accomplished by private enterprise acting alone without