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3.12.010 <br /> Chapter 3.12 Participation opportunities will necessarily <br /> be limited by factors relating to <br /> OWNER PARTICIPATION AND implementation of the plan, such as the <br /> BUSINESS REENTRY elimination of certain land uses, the alteration <br /> of public streets and other rights -of -way, the <br /> Sections: relocation of public utilities and public <br /> 3.12.010 Agency rules. services, the need to assemble parcels for <br /> 3.12.020 Owner participation in public or private projects, and similar changes <br /> redevelopment. associated with redevelopment projects. The <br /> 3.12.030 Participation agreements. agency will also consider factors relating to <br /> 3.12.040 Business reentry the owner's ability to successfully carry out <br /> preference. the proposed redevelopment. These factors <br /> include the ability to finance the proposed <br /> 3.12.010 Agency rules. project area experience with similar projects, <br /> The provisions of this chapter shall be and the overall feasibility of the proposal. <br /> implemented according to the owner (Ord. 99 -025 § 204.2, 1999) <br /> participation and business reentry preference <br /> • rules adopted by the agency (the "rules "). 3.12.030 Participation agreements. <br /> • When there is a conflict between the The agency may require, as a condition to <br /> provisions for owner participation and reentry participating in redevelopment of the project <br /> preference in the plan and the provisions in area, that the owner enter into a binding <br /> the rules, the provisions in the plan shall agreement with the agency. The participation <br /> prevail. (Ord. 99 -025 § 204.1, 1999) agreement will obligate the owner to acquire, <br /> dispose of, rehabilitate, redevelop, and use the <br /> 3.12.020 Owner participation in property consistent with the Plan and will <br /> redevelopment. impose other conditions as agreed by the <br /> The agency will extend to owners of real owner and the agency. <br /> property in the project area a reasonable The provisions of the plan are applicable to <br /> opportunity to participate in redevelopment of all public and private property in the project <br /> the property. Owner participation projects area, whether or not an owner enters into a <br /> must conform to the plan and the rules. participation agreement with the agency. (Ord. <br /> An owner may participate by remaining in 99 -025 § 204.3, 1999) <br /> substantially the same location and retaining <br /> and redeveloping all or portions of the 3.12.040 Business reentry preference. <br /> property. An owner may also purchase Businesses displaced from property within <br /> adjacent property to redevelop together with the project area by redevelopment activities <br /> the property retained. A property owner may shall be granted a reasonable preference to <br /> affiliate with another person or entity to reestablish on redeveloped sites in the project <br /> jointly propose an owner participation project. area. Businesses seeking to reenter the project <br /> area must meet the requirements of the plan <br /> 127 <br />