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<br />\':.,t.:. <br /> <br />. <br /> <br />. <br /> <br />., <br /> <br />ferences to reenter within the redeveloped area if they other- <br />'wise meet the requirements prescribed by the Plan. <br /> <br />A. <br /> <br />Tenant Participation as Owners <br /> <br />Tenants will be given reasonable preferences to purchase <br />and develop real property in the Project Area prior to offer- <br />ing for sale to the general public. Property sold to such ten- <br />ants will be made available at fair value for the uses designated <br />in the Plan. <br /> <br />B. <br /> <br />Preferences for Business Tenants as Tenants <br /> <br />Business tenants who desire to reenter the redevelopment <br />Project area as tenants will receive reasonable preferences to <br />locate in the Project area in accordance with the prescribed <br />uses of the Plan. <br /> <br />Priority in the lease or rental of redeveloped property <br />purchased from the Agency and to be leased or rented for <br />residential use shall be given to person and families displaced <br />or to be displaced frcm dwellings within the Project Area who <br />are ready, willing and able to enter into such lease or rental <br />agreements. <br /> <br />Priority in the lease or rental of redeveloped property <br />'purchë:sed from the Agenèy and to be leased or rented. for business <br />use shall be given to business owners and tenants located within <br />the Project Area at the time the redevelopment plan was adopted <br />who are ready, willing and able to enter such lease or rental <br />agreement. <br /> <br />Section IV. <br /> <br />PROCEDURE FOR BECOMING A PARTICIPANT <br /> <br />A. <br /> <br />Procedure for Participation as Residential or <br />Business Owner or Tenant <br /> <br />Every person interested in participating as a residential or <br />business owner or tenant must submit to the Agency a statement <br />indicating such interest. The form of the Statement of Interest <br />is attached hereto, and copies may be obtained from the Agency <br />upon request. <br /> <br />Before entering into an agreement with any developer, <br />owners and tenants in the "site" will be giver, an opportunity to <br />submit a Statement of Interest within sixty (60) days following <br />any written notice of such opportunity. The Agency may disregard <br />Statements of Interest submitted after such 60-day period. <br /> <br />The Agency will notify each person who submits a Statement <br />of Interest of the time within which he must submit his pro- <br />posal for participation. <br /> <br />Opportunity will be given to discuss proposals with the <br />Agency staff and to make necessary adjustments. The Agency <br />will make every effort to meet the desires of every person de- <br />siring to participate in the Project. <br /> <br />-3- <br />