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Before any of the Agency's property that was acquired in whole or in part, directly or indirectly, with tax increment moneys is sold or leased for development pursuant to the Plan, the sale or lease shall first be approved by the City Council by resolution after public hearing in conformance with Health and Safety Code Section 33433. The Agency shall lease or sell all real property acquired by it in the Project Area, except that it may transfer property to the City or other public body for any amount of consideration or without requiring any consideration at all. The Agency shall obligate persons purchasing or leasing property from the Agency to use the property for the purpose designated in the Plan, to begin redevelopment within a reasonable period of time, to comply with the covenants, conditions, or restrictions that the Agency deems necessary to prevent speculation or excess profit taking in undeveloped land, including right of reverter to the Agency, and to comply with other conditions that the Agency deems necessary to carry out the purposes of the Plan. 2. [Section 210.2] Disposition and Development Documents The Agency may enter into agreements for the lease or sale and development of real property in the Project Area. Such agreements shall contain provisions as needed to prevent speculation in the property and to ensure that development is carried out in a timely manner pursuant to the Plan. Every sale, lease, or other conveyance of real property owned by the Agency shall be conditioned on compliance with the Plan, the zoning ordinance governing the property, and any conditions imposed by the Agency through agreements, declarations of restrictions, conditional use permits, or other means. The Agency may require the recording of any document pertaining to the sale, lease, or other conveyance, or to the use of such property. Conveyance documents may create rights of reversion in favor of the Agency or other provisions deemed necessary to carry out the purposes of the Plan. 3. [Section 210.3] Nondiscrimination Provisions All real property acquired or disposed of by the Agency shall be subject to nondiscrimination provisions. Disposition and Development Agreements and Owner Participation Agreements shall obligate the lessee or purchaser to refrain from WEST SAN LEANDRO /MACARTHUR BOULEVARD PAGE 14 REDEVELOPMENT PROJECT AREA REV 2999;22399 ;22599: 32699: 33099:040199;061599(n1