1982

LAWS OF MARYLAND

Ch. 706

REVITALIZATION PROJECT TO ANY PERSON FOR RESIDENTIAL,
RECREATIONAL, COMMERCIAL, INDUSTRIAL, EDUCATIONAL, OR OTHER
NONRESIDENTIAL USES OR FOR PUBLIC USE, OR IT MAY RETAIN THE
PROPERTY OR INTEREST FOR PUBLIC USE, IN ACCORDANCE WITH THE
REVITALIZATION PLAN AND SUBJECT TO WHATEVER CONVENANTS,
CONDITIONS, AND RESTRICTIONS, INCLUDING COVENANTS RUNNING
WITH THE LAND, AS IT CONSIDERS NECESSARY OR DESIRABLE TO
ASSIST IN CARRYING OUT THE PURPOSES OF THIS TITLE.
PURCHASERS OR LESSEES AND THEIR SUCCESSORS AND ASSIGNS SHALL
BE OBLIGATED TO DEVOTE THE REAL PROPERTY SOLELY TO THE USES
SPECIFIED IN THE REVITALIZATION PLAN, AND MAY BE OBLIGATED
TO COMPLY WITH WHATEVER OTHER REQUIREMENTS THE COUNTY
DETERMINES TO BE IN THE PUBLIC INTEREST, INCLUDING THE
OBLIGATION TO BEGIN WITHIN A REASONABLE TIME ANY
IMPROVEMENTS ON THE REAL PROPERTY REQUIRED BY THE
REVITALIZATION PLAN. THE REAL PROPERTY OR INTEREST MAY NOT
BE SOLD, LEASED, TRANSFERRED, OR RETAINED AT LESS THAN ITS
FAIR MARKET VALUE FOR USES IN ACCORDANCE WITH THE
REVITALIZATION PLAN. IN DETERMINING THE FAIR MARKET VALUE
OF REAL PROPERTY FOR USES IN ACCORDANCE WITH THE
REVITALIZATION PLAN, THE COUNTY SHALL TAKE INTO ACCOUNT AND
GIVE CONSIDERATION TO THE USES PROVIDED IN THE PLAN, THE
RESTRICTIONS UPON, AND THE COVENANTS, CONDITIONS, AND
OBLIGATIONS ASSUMED BY THE PURCHASER OR LESSEE OR BY THE
COUNTY RETAINING THE PROPERTY, AND THE OBJECTIVES OF THE
PLAN. IN ANY INSTRUMENT OR CONVEYANCE TO A PRIVATE
PURCHASER OR LESSEE, THE COUNTY MAY PROVIDE THAT THE
PURCHASER OR LESSEE MAY NOT SELL, LEASE, OR OTHERWISE
TRANSFER THE REAL PROPERTY WITHOUT THE PRIOR WRITTEN CONSENT
OF THE COUNTY UNTIL HE HAS COMPLETED THE CONSTRUCTION OF ANY
OR ALL IMPROVEMENTS WHICH HE HAS OBLIGATED HIMSELF TO
CONSTRUCT ON THE PROPERTY. REAL PROPERTY ACQUIRED BY THE
COUNTY WHICH, IN ACCORDANCE WITH THE PROVISIONS OF THE
REVITALIZATION PLAN, IS TO BE TRANSFERRED, SHALL BE
TRANSFERRED AS RAPIDLY AS FEASIBLE IN THE PUBLIC INTEREST
CONSISTENT WITH IMPLEMENTING THE PROVISIONS OF THE
REVITALIZATION PLAN. ANY CONTRACT FOR THE TRANSFER AND THE
REVITALIZATION PLAN (OR WHATEVER PART OR PARTS OF THE
CONTRACT OR PLAN AS THE COUNTY DETERMINES) SHALL BE RECORDED
IN THE LAND RECORDS OF THE COUNTY IN A MANNER SO AS TO
AFFORD ACTUAL OR CONSTRUCTIVE NOTICE OF IT.

(F)   THE COUNTY MAY OPERATE TEMPORARILY AND MAINTAIN
PEAL PROPERTY ACQUIRED BY IT IN A REVITALIZATION AREA FOR OR
IN CONNECTION WITH A REVITALIZATION PROJECT PENDING THE
DISPOSITION OF THE PROPERTY AS AUTHORIZED IN THIS SECTION,
WITHOUT REGARD FOR THE PROVISIONS CONTAINED ELSEWHERE IN
THIS TITLE, FOR USES AND PURPOSES CONSIDERED DESIRABLE EVEN
THOUGH NOT IN CONFORMITY WITH THE REVITALIZATION PLAN.

(G)   ANY INSTRUMENT EXECUTED BY THE COUNTY AND
PURPORTING TO CONVEY ANY EIGHT, TITLE, OR INTEREST IN ANY
PROPERTY UNDER THIS TITLE SHALL BE PRESUMED CONCLUSIVELY TO
HAVE BEEN EXECUTED IN COMPLIANCE WITH THE PROVISIONS OF THIS
TITLE INSOFAR AS TITLE OR OTHER INTEREST OF ANY BONA FIDE
PURCHASERS, LESSEES, OR TRANSFEREES OF THE PROPERTY IS
CONCERNED.