(1) acquisition of a slum area or a blighted area or portion thereof;
(2) demolition and removal of buildings and improvements;
(3) installation, construction, or reconstruction of streets, utilities, parks, playgrounds, and other improvements, necessary for carrying out in the urban renewal area the urban renewal objectives of this chapter in accordance with the urban renewal plan;
(4) disposition of any property acquired in the urban renewal area (including sale, initial leasing or retention by the Authority itself) at its fair value for uses in accordance with the urban renewal plan;
(5) carrying out plans for a program of voluntary or compulsory repair and rehabilitation of buildings or other improvements in accordance with the urban renewal plan; and
(6) acquisition of any other real property in the urban renewal area where necessary to eliminate unhealthful, insanitary or unsafe conditions, lessen density, eliminate obsolete or other uses detrimental to the public welfare, or otherwise to remove or prevent the spread of blight or deterioration, or to provide land for needed public facilities.
“Project” means a housing project or an urban renewal project and extends to all properties, assets, cash, or other funds, used, received or held in connection with the development or operation or disposition of a project or any portion of a project. “Urban renewal plan” means a plan, as it exists from time to time, for an urban renewal project, which plan (1) shall conform to the general plan for the community or locality as a whole, except as provided in section 94 of this title; and (2) shall be sufficiently complete to indicate such land acquisition, demolition and removal of structures, redevelopment, improvements, and rehabilitation as may be proposed to be carried out in the urban renewal area, zoning and planning changes, if any, land uses, maximum densities, building requirements, and the plan's relationship to definite local objectives respecting appropriate land uses, improved traffic, public transportation, public utilities, recreational and community facilities, and other public improvements. “Real property” or “land”, unless restricted meaning is clearly indicated, means all lands, including improvements and fixtures thereon, and appurtenances thereto, or used in connection therewith, and every estate, interest, right, and use, legal or equitable, therein, including terms for years, and liens by way of mortgage, pledge, attachment, judgment, or otherwise. “Families of low income” or “low-income families” means individuals or families who are in the lowest income group in a community, who cannot afford to pay enough to cause private enterprise in their community to build an adequate supply of decent, safe and sanitary housing for their use. “Bonds” means all bonds (including refunding bonds), notes, debentures, and any other types of forms of instruments of obligation. “Obligee of the Authority” or “obligee” includes any bondholder, agents or trustees for any bondholders, or lessor demising to the Authority property used in connection with a project, or any assignee or successor of any of these, and the Federal Government when it is a party to any contract with the Authority. “Person” means any individual, firm, partnership, corporation, company, association, establishment, institution, or organization, private or public, and includes persons acting in a representative or fiduciary capacity. “Persons engaged in national defense activities” means individuals in the armed forces of the United States; employees of the Department of Defense; and workers engaged or to be engaged in activities connected with national defense. The term also includes the families of the individuals, employees, and workers who reside with them. “Major disaster” means any flood, drought, fire, hurricane, earthquake, storm, or other catastrophe, natural or man-made (including destruction due to enemy action in time of war) which the Governor has determined to be of sufficient severity and magnitude to warrant the use of available resources of the Federal Government and the Government of the United States Virgin Islands and the locality to alleviate the damage, hardship, or suffering caused thereby. “Public agency” or “agency” means any department, bureaus [sic], instrumentality, authority, or official body, corporate or otherwise or any public official, of the United States, or of the Virgin Islands, or of any State, Commonwealth, Territory, or Possession of the United States.