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~ ",;' ;,;., . . . 7. ' [5 409] Statement of Overriding Considerat~ons--Redevelopment ~' In the event the Agency and the City Council approve and adopt a Redevelopment Plan for which serious adverse environ- mental consequences have been identified in an EIR, the Agency and the City Council may make statements identifying the other interests that warranted approval in its point of view. If such statements are made, they should be included in the record of the approval of the Plan and may be attached to the Notice of Determination. v. [5 500] PROCEDURES FOR PREPARATION AND ADOPTION OF NEGATIVE DECLARATIONS OR SUBSEQUENT EIR'S FOR PROPOSED AMENDMENTS TO A REDEVELOPMENT PLAN A. [5 501] Initial Study , Prior to holding a public hearing on a proposed amend- ment to the Plan, the Agency staff shall conduct an Initial Study to determine if the proposed amendment may have a signi- ficant effect on the environment. The Agency's findings shall be made in the form of a written 'report. Such study shall be made in accordance with the criteria set forth in Sections 301 and 302. The Initial Study shall also consider whether or not the proposed amendment to the Plan requires the preparation' and adoption of a Subsequent EIR or the preparation of a Negative Declaration. If the Agency staff finds that any of the effects of the proposed amendment may have a substantial adverse impact on the environment (regardless of'whether the overall effect of the proposed amendment is beneficial), or finds that a Subse- quent EIR is required, then the Agency staff shall prepare a Draft EIR for the proposed amendment to the Plan. If the Agency staff finds that there is no substantial adverse im- pact on the environment as a result of the proposed amendment" or if a Subsequent EIR is not required, then the Agency staff shall prepare a ,Negative Decla~ation for the proposed amendment. B. [S 502] Negative Declaration The Negative Declaration shall be prepared by the Agency staff for a proposed amendment to the Plan where required pursuant to Section 501. The Negative Declaration shall be prepared prior to any public hearing on the proposed amend- ment and shall be part of the report and recommendations on the proposed amendment to the Plan required to be submitted by the Agency to the City Council. The Negative Declaration shall include a brief description of the proposed amendment to the Plan, a finding that the proposed amendment will not have a significant effect on the environment, a brief state- -8-, -" -' '. I , I