(a) Where the Legislature, by resolution, finds and determines that an urban area is in need of redevelopment or rehabilitation as the result of a major disaster, the Authority is authorized and empowered to plan, undertake and carry out under the provisions of this chapter an urban renewal project with respect to such area without regard to the following:
(1) the requirement in sections 2 and 92(a) of this title that an urban renewal area be a slum or blighted area and that the Legislature so find and determine;
(2) the requirements in section 92 of this title requiring preparation of a general plan, submission of an urban renewal plan to the Virgin Islands Historic Preservation Commission, and conformance of the urban renewal plan to the general plan: Provided, That the Authority shall consult with the commission in the preparation of the urban renewal plans so that said plan conforms to definite local objectives respecting appropriate land uses, improved traffic, public transportation, public utilities, recreational and community facilities and other public improvements;
(3) the requirements of section 91(e) and (f) of this title relating to relocation: Provided, That the Authority submits and the Legislature finds that the Authority has a plan for the encouragement to the maximum extent feasible, of the provision of dwellings suitable for the needs of families displaced by the disaster or by redevelopment or rehabilitation activities.
(b) In the preparation of an urban renewal plan with respect to a project to be undertaken and carried out under this section, the Authority shall give due regard to the removal or relocation of dwellings from the site of recurring floods or other recurring disasters in the urban renewal area.