§ 40-58-03 — Encouragement of private enterprise

A municipality, to the greatest extent it determines to be feasible in carrying out this chapter,
shall afford maximum opportunity, consistent with the sound needs of the municipality as a
whole, to the development, rehabilitation, or redevelopment of the development or renewal area
by private enterprise. A municipality shall give consideration to this objective in exercising its
powers under this chapter, including the formulation of a workable program, the approval of
development or renewal plans consistent with the general plan for the municipality, the adoption
and enforcement of ordinances as provided for in section 40-58-18, the exercise of its zoning
powers, the enforcement of other laws, codes, and regulations relating to the use of land and
the use and occupancy of buildings and improvements, the disposition of any property acquired,
and the provision of necessary public improvements.