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Ordinance No. 20389 amended
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Ordinance No. 20389 amended
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Last modified
6/10/2010 3:50:16 PM
Creation date
8/21/2007 12:13:58 PM
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Council Ordinances
CMO_Document_Number
20389
Document_Title
Adopting Amended Downtown Urban Renewal Plan
Adopted_Date
8/15/2007
Approved Date
8/16/2007
Repeal_Date
11/6/2007
Signer
Kitty Piercy
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<br />E. DEVELOPMENT AND REDEVELOPMENT <br /> <br />The Renewal Agency also is authorized to provide loans or other forms of financial <br />assistance to property owners wishing to develop or redevelop land or buildings within <br />the renewal area, or to persons desiring to acquire or lease buildings or land from the <br />Agency. The Agency may assist in the creation of, and participate in, public/private <br />partnerships that result in development or redevelopment. The Agency may make this <br />assistance available as it deems necessary to achieve the objectives of this Plan. <br />Projects receiving Agency assistance may include, but are not limited to: <br />· Assisting the construction or expansion of job-creating developments <br />· Assisting in the development of housing and mixed use projects <br /> <br />F. ADMINISTRATIVE ACTIVITIES <br /> <br />1 . The Agency may retain the services of independent professional people or <br />organizations to provide administrative or technical services such as: <br /> <br />a. Preparation of market, feasibility, or other economic studies; <br /> <br />b. Preparation of design, architectural, engineering, landscaping <br />architectural, planning, development, or other developmental studies; <br /> <br />c. Providing accounting or audit services; <br /> <br />d. Providing special rehabilitation, restoration, or renovation feasibility and <br />cost analysis studies; <br /> <br />e. Assisting in preparation of the annual financial report required under <br />Section 800 of this plan; <br /> <br />f. Providing property acquisition appraisals; and <br /> <br />g. Evaluation of this plan and the success of its activities. <br /> <br />2. The Agency may acquire, rent, or lease office space and office furniture, <br />equipment, and facilities necessary for it to conduct its affairs in the management and <br />implementation of this plan. <br /> <br />3. The Agency may invest its reserve funds in interest-bearing accounts or <br />securities. <br /> <br />4. To implement this plan, the Agency may borrow money, accept advances, loans, <br />or grants from any legal source, issue urban renewal bonds and receive tax increment <br />proceeds as provided for in Section 700 of this plan. <br /> <br />Downtown District Urban Renewal Plan - Marked for Changes August 15, 2007 <br /> <br />10 <br />
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