A board shall ensure that each resolution approving a proposed urban renewal project area plan as the project area plan under Subsection 17C-2-102(1)(a)(x) contains:
(1) a boundary description of the boundaries of the project area that is the subject of the project area plan;
(2) the agency's purposes and intent with respect to the project area;
(3) the project area plan incorporated by reference;
(4) a statement that the board previously made a development impediment determination within the project area and the date of the board's determination; and
(5) the board findings and determinations that:
(a) there is a need to effectuate a public purpose;
(b) there is a public benefit under the analysis described in Subsection 17C-2-103(2);
(c) it is economically sound and feasible to adopt and carry out the project area plan;
(d) the project area plan conforms to the community's general plan; and
(e) carrying out the project area plan will promote the public peace, health, safety, and welfare of the community in which the project area is located.