2007 Resolutions - Laserfiche WebLink

Home Browse Search

that the Authority did not fully acquire said property prior to reconveyance due to a gap or other title issue unrecognized at this time, then subject to applicable law the Authority shall have the right to acquire said property in accordance with said original Redevelopment Plan, which shall not be deemed to have been amended hereby with respect to said acquisition and shall apply in full thereto. 2. Redeveloper's Obligations a. Covenants in Disposition Documents In all instances, Redevelopers of land within the Project Area shall be required to agree, as a covenant running with the land, to such controls as are reasonably required to insure the development of the land in accordance with this Plan. Such controls shall include, without limitation, the following: (1) The development and use of the land shall be bound by the restrictions set forth in paragraph C.3.b. above. (2) The Redeveloper shall begin and complete the development of Project Area land pursuant to the approved plans and specifications, as set forth in paragraph C.3.a.(2) above, within a reasonable time as determined by the Authority. (3) The Redeveloper shall retain the interest acquired until the completion of construction and development of the land acquired pursuant to this Plan, and shall not sell, lease or transfer the interest acquired, or any part thereof, prior to such completion of construction and development without the prior written consent of the Authority. (4) The Redeveloper will not execute any covenant, agreement, lease, conveyance or other instrument whereby the land purchased or leased within the Project Area is restricted upon the basis of race, familial status, handicap, age, creed, color, religion, sex, or national origin in the sale, lease, rental or occupancy thereof. (5) The Redeveloper will comply with the regulations of the United States 8