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Ord 1999-029
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Ord 1999-029
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8/31/2010 11:41:50 AM
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8/31/2010 11:41:50 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Ordinance
Document Date (6)
10/4/1999
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PERM
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ordinance for Amendment No. 4 to the Plan and identified in Exhibit E to <br /> Amendment No. 4. Any eminent domain proceedings on properties identified in <br /> Exhibit E must commence within twelve (12) years of the effective date of the <br /> ordinance adopting Amendment No. 4 to the Plan. Any eminent domain <br /> proceedings, except on the properties identified in Exhibit E, must commence <br /> within twelve (12) years of the effective date of the ordinance approving and <br /> adopting this Plan. Such time limitation may be extended only by amendment of <br /> this Plan. Acquisition of property will generally be achieved by cooperative <br /> negotiations between the owner of such property and the Agency. <br /> The Agency shall not acquire real property to be retained by an owner pursuant to <br /> a participation agreement unless provisions for such acquisition is made in the <br /> agreement. The Agency is authorized to acquire structures without acquiring the <br /> land upon which those structures are located. The Agency is also authorized to <br /> acquire any other interest in real property less than a fee interest. <br /> Property owners and developers will be encouraged to participate in upgrading <br /> efforts including agreements with the Agency for financial and other incentives. <br /> 3 <br /> -123 <br />
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