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