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B. .Property Acquisition <br /> <br /> 1. Acquisition of Real Property <br /> <br /> Except as specifically exempted herein, the Agency may <br /> <br />acquire but is not required to acquire, all real property located <br />in the Project area, by gift, devise, exchange, purchase, eminent <br />domain, or any other lawful method. <br /> <br /> It is in the public interest and is necessary in order <br /> <br />to eliminate the conditions requiring redevelopment and in <br />order to execute the Plan, for the power of eminent domain to <br />be employed by the Agency to acquire real property in the <br />Project Area. <br /> <br /> The Agency shall not acquire interests in oil, gas or other <br />mineral substances within the Project Area, except to preclude <br />surface drilling within the Project Area. <br /> <br /> The Agency is not authorized by law to acquire real property <br />owned by public bodies which do not consent to such acquisition. <br />The Agency is authorized, however, to acquire public property if it <br />becomes private property by being transferred by deed, lease, or <br />otherwise to private ownership or control before the Agency completes <br />land disposition within the entire Project Area if the Agency and <br />the private owner do not enter into a participation agreement. <br /> <br /> The Agency shall not acquire real property to be retained by <br />an owner pursuant to a participation agreement if the owner fully <br />performs under the agreement. The Agency is authorized to acquire <br />structures without acquiring the land upon which those structures <br /> <br />-13- <br /> <br /> <br />