Ordinance No. 20313 - Laserfiche WebLink

Home Browse Search

G. PROPERTY DISPOSITION AND REDEVELOPER OBLIGATIONS All real property acquired by the Agency ~n the plan area , if any, shall be disposed of for development for uses permitted ~n the plan at ~ts fair reuse value for the specific uses to be permitted on the real property. Real property acquired by the Renewal Agency may be &sposed of to any other public entity ~n accordance with th~s plan. All persons and entities obtaimng property from the Agency shall use the properVy for the purposes designated ~n this plan and comply w~th other condlt~ons which the Agency deems necessary to carry out the purposes of this plan. 1. Redeveloper's Obhgat~ons. Any redeveloper and Ns successors or asagns w~thln the plan area, ~n ad&tion to the other controls and obhgat~ons stipulated and reqmred of h~rn by the provisions of th~s plan, shall also be obhgated by the following reqmrements: a. The Redeveloper shall obtain necessary approvals of proposed developments from all Federal, State, or local agencies that may have jurls&ct~on on properties and famhtms to be developed or redeveloped within the plan area; b. The Redeveloper shall develop or redevelop such property in accordance w~th the adopted land use proxasions; c. The Redeveloper shall submit all plans and specifications for construcnon of ~mprovements on the land to the Agency for review and dlsmbutmn to approprmte reviewing bo&es as required by the City and shall comply with all applicable reqmrements of ex~st~ng City codes and or&nances; d. The Redeveloper shall commence and complete the development of such property for the uses prowded ~n th~s plan w~thln a reasonable period oft~me; and e. The Redeveloper shall not effect or execute any agreement, lease, conveyance, or other ~nstrument whereby lhe real property or part thereof ~s restricted upon the bas~s of age. race, color, rehgton, sex, marital status, or national origin m the sale. lease, or occupancy thereof. H. REHABILITATION AND CONSER-VATION 1. Intent. It is the ~ntent of th~s Plan to encourage conservatmn and rehabilitation of emst~ng buildings which can be economically rehab~Iltated. Existing bmldmgs ~n the plan area are considered an important asset in mamtmnmg and improwng the economic em~ronment of the plan area. 2. Method. Rehab~htat~on and conservation may be achmved ~n two ways: a. By owner and/or tenant activity, w~th or-without financml assistance; b. By the enforcement of existing C~ty codes and or&nances. 3. Financial Bmldlng Rehabilltatmn Assistance. The Agency, w~th funds avmlable to ~t, may promulgate mles~ guidehnes and ehglinlity reqmrements for the purpose of estabhsh~ng below-market or market rate loan programs, grants, or other financial incentives to advance the goals and object,yes of the R~verfront Urban Renewal District Plan. Loans, grants or incentives prowded by the Agency may be used for voluntary rehab~htat~on of bml&ngs, fagade improvements, provision of amenities on private property in compliance with adopted design gmdelines and standards, construction of new buil&ngs, pre-development assistance, - Page 12