1993-03 CRA - Laserfiche WebLink

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. . . 6. STATEMENTS OF INTEREST (a) Before entering into any Participation Agreements, Disposition and Development Agreements, Exclusive Negotiation Agreements, or taking other actions which may involve the acquisition of real property in a Project Area, the Agency shall first notify Owners and Business Occupants of property which may be acquired and call upon them to submit Statements of Interest in participating in the proposed development or in otherwise participating in the redevelopment of that Project Area. (b) The Agency shall deliver to each Owner or Business occupant of real property which may be acquired, a form Statement of Interest at least thirty (30) days prior to considering any of the actions requiring acquisition of real property. Those desiring to submit Statements of Interest must complete and submit such statements to the Agency within thirty (30) days of receipt. Such statements shall include information requested by the Agency and shall be in the form requested by the Agency. (c) Any Owner or Business Occupant or others may also submit such a Statement at any time before such notification. (d) The Agency shall consider such Statements as are submitted on time and shall seek to develop reasonable participation for those submitting such Statements whether to stay in place, to move to another location, or to obtain preferences to reenter the subject Project Area. The Agency may, at its sole discretion, determine that a participation proposal is not feasible or in the best interest of the subject redevelopment project or the community, or is otherwise limited by one or more of the criteria set forth in section 4 hereof. In such event, the Agency may select a developer from among prospective participants submitting Statements of Interest and others invited to submit proposals. 7. PARTICIPATION AGREEMENTS (a) Public and private Owners or Business occupants wishing to develop or improve their properties within the project Area may be required, as a condition of Agency assistance of such development, to enter into a binding, written Participation Agreement with the Agency if the Agency determines that it is necessary to impose upon such property any of the standards, restrictions, and controls of the applicable Redevelopment Plan or of any design guide adopted by the Agency pursuant to that Redevelopment Plan. (b) A Participation Agreement shall obligate the Owner, his/her heirs, successors and assigns, and/or a Business Occupant or others to acquire, rehabilitate, develop, and use the property as may be applicable in conformance with the applicable Redevelopment Plan and/or to be subject to such other provisions 6 Page 6 of 7