J. MILLARD TAWES, GOVERNOR                              1533

with the urban renewal plan, the municipality shall take into account
and give consideration to the uses provided in such plan; the restric-
tions upon, and the covenants, conditions and obligations assumed
by the purchaser or lessee by the municipality retaining the property;
and the objectives of such plan for the prevention of the recurrence
of slum or blighted areas. The municipality in any instrument of
conveyance to private purchaser or lessee may provide that such pur-
chaser or lessee shall be without power to sell, lease or otherwise
transfer the real property without the prior written consent of the
municipality until he has completed the construction of any or all
improvements which he has obligated himself to construct thereon.
Real property acquired by the municipality which, in accordance
with the provisions of the urban renewal plan, is to be transferred,
shall be transferred as rapidly as feasible in the public interest con-
sistent with the carrying out of the provisions of the urban renewal
plan. Any contract for such transfer and the urban renewal plan
(or such part or parts of such contract or plan as the municipality
may determine) may be recorded in the Land Records of the county
in which the municipality is situated in such manner as to afford
actual or constructive notice thereof.

(b)   The municipality may dispose of real property in an urban
renewal area to private persons only under such reasonable com-
petitive bidding procedures as it shall prescribe or as hereinafter pro-
vided in this subsection. The municipality may, by public notice by
publication in a newspaper having a general circulation in the com-
munity (not less than sixty days prior to the execution of any con-
tract to sell, lease or otherwise transfer real property and prior to
the delivery of any instrument of conveyance with respect thereto
under the provisions of this section) invite proposals from and make
available all pertinent information to private redevelopers or any
persons interested in undertaking to redevelop or rehabilitate an
urban renewal area, or any part thereof. Such notice shall identify
the area, or portion thereof, and shall state that proposals shall be
made by those interested within a specified period of not less than
sixty days after the first date of publication of said notice, and that
such further information as is available may be obtained at such
office as shall be designated in said notice. The municipality shall
consider all such redevelopment or rehabilitation proposals and the
financial and legal ability of the persons making such proposals to
carry them out, and may negotiate with any persons for proposals
for the purchase, lease or other transfer of any real property ac-
quired by the municipality in the urban renewal area. The munic-
ipality may accept such proposal as it deems to be in the public
interest and in furtherance of the purposes of this subtitle. There-
after, the municipality may execute and deliver contracts, deeds,
leases and other instruments and take all steps necessary to effectuate
such transfers.

(c)   The municipality may temporarily operate and maintain real
property acquired by it in an urban renewal area for or in connection
with an urban renewal project pending the disposition of the prop-
erty as authorized in this subtitle, without regard to the provisions
of subsection (a) above, for such uses and purposes as may be deemed
desirable even though not in conformity with the urban renewal
plan.