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Inst 2011078214
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Inst 2011078214
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4/15/2011 12:56:53 PM
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4/15/2011 12:56:48 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
3/9/2011
Recorded Document Type
Deed
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PERM
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Agmt 2011 RDA
(Reference)
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\City Clerk\City Council\Agreements\2011
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1.20.050 <br /> the building is such that strict adherence to all <br /> improvement standards would seriously and <br /> adversely affect the operation of such use. <br /> (Plaza 1 redev. plan § 11(D), 1986) <br /> • <br /> 1.20.050 Alternate provisions on <br /> failure of owner to <br /> participate. <br /> In the event of failure of the owner to <br /> participate in accordance with the owner <br /> participation provisions of this plan, the <br /> redevelopment agency may acquire the <br /> property through eminent domain or as <br /> otherwise provided in any owner participation <br /> agreement for subsequent disposition for <br /> renovation according to standards established <br /> by this plan and use in accordance with this <br /> plan. This alternate procedure will become <br /> effective only if the owner fails to make <br /> required improvements or enter into an owner <br /> participation agreement within a period of six <br /> months following termination of an existing <br /> • lease, tenancy or use. The agency may, on its <br /> own motion or by application of the owner, <br /> extend this period for an additional period or <br /> • periods of six months. Execution of an owner <br /> participation agreement prior to actual <br /> acquisition by the agency, and reimbursement <br /> to the agency by the owner of any costs <br /> incurred in pursuance of such acquisition <br /> under this alternate procedure, will reinstate <br /> • <br /> the owner participation provisions of the plan. <br /> (33340) (Plaza 1 redev. plan § 1 1(E), 1986) <br /> 18 <br />
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