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3.24.010 Chapter 3.24 The agency shall obligate persons purchasing or leasing property from the PROPERTY DISPOSITION AND agency to use the property for the purpose DEV'ELOPNIENT designated in the plan, to begin redevelopment within a reasonable period of time, to comply Sections: with the covenants,,conditions, or restrictions 3.24.010 Real property disposition. that the agency deems necessary to prevent 3.24.020 Disposition and speculation or excess profit taking in development documents. undeveloped land, including right of reverter 3.24.030 Nondiscrimination to the agency, and to comply with other provisions. conditions that the agency deems necessary to 3.24.040 Development plans. carry out the purposes of the plan. (Ord. 99- 3.24.050 Personal property 025 § 210.1, 1999) disposition. 3.24.020 Disposition and 3.24.010 Real property disposition. development documents. The agency may, within the project area or The agency may enter into agreements for for purposes of redevelopment, sell, lease for the lease or sale and development of real a period not to exceed ninety -nine (99) years, property in the project area. Such agreements exchange, subdivide, transfer. assign, pledge, shall contain provisions as needed to prevent encumber by mortgage, deed of trust, or speculation in the property and to ensure that otherwise. or otherwise dispose of any real development is carried out in a timely manner property or any interest in property. The pursuant to the plan. agency is authorized to dispose of real Every sale, lease, or other conveyance of property by negotiated lease, sale, or transfer real property owned by the agency shall be without public bidding, but only after noticed conditioned on compliance with the plan, the public hearing. zoning ordinance governing the property, and Before any of the agency's property that any conditions imposed by the agency through was acquired in whole or in part, directly or agreements, declarations of restrictions, indirectly, with tax increment moneys is sold conditional use permits, or other means. The or leased for development pursuant to the agency may require the recording of any plan, the sale or lease shall first be approved document pertaining to the sale, lease, or other by the city council by resolution after public conveyance, or to the use of such property. hearing in conformance with Health and Conveyance documents may create rights of Safety Code Section 33433. reversion in favor of the agency or other The agency shall lease or sell all real provisions deemed necessary to carry out the property acquired by it in the project area, purposes of the plan. (Ord. 99 -025 § 210.2, except that it may transfer property to the city 1999) or other public body for any amount of consideration or without requiring any consideration at all. 134