2100

LAWS OF MARYLAND

Ch. 709

ANY IMPROVEMENTS ON THE REAL PROPERTY REQUIRED BY THE URBAN
RENEWAL COMMUNITY DEVELOPMENT BLOCK GRANTS PLAN. THE REAL
PROPERTY OR INTEREST MAY NOT BE SOLD, LEASED, OTHERWISE
TRANSFERRED, OR RETAINED AT LESS THAN ITS FAIR VALUE FOR

USES IN ACCORDANCE WITH THE URBAN RENEWAL COMMUNITY

DEVELOPMENT BLOCK GRANTS PLAN. IN DETERMINING THE FAIR
VALUE OR REAL PROPERTY FOR USES IN ACCORDANCE WITH THE URBAN
RENEWAL COMMUNITY DEVELOPMENT BLOCK GRANTS PLAN, THE
MUNICIPALITY 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 MUNICIPALITY RETAINING THE
PROPERTY, AND THE OBJECTIVES OF THE PLAN FOR THE PREVENTION
OF THE RECURRENCE OF SLUM OR BLIGHTED AREAS. IN ANY
INSTRUMENT OR CONVEYANCE TO A PRIVATE PURCHASER OR LESSEE,
THE MUNICIPALITY MAY PROVIDE THAT THE PURCHASER OR LESSEE
MAY NOT 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 ON THE PROPERTY.
REAL PROPERTY ACQUIRED BY THE MUNICIPALITY WHICH, IN

ACCORDANCE WITH THE PROVISIONS OF THE URBAN RENEWAL

COMMUNITY DEVELOPMENT BLOCK GRANTS PLAN, IS TO BE

TRANSFERRED, SHALL BE TRANSFERRED AS RAPIDLY AS FEASIBLE IN
THE PUBLIC INTEREST CONSISTENT WITH THE CARRYING OUT OF THE
PROVISIONS OF THE URBAN RENEWAL COMMUNITY DEVELOPMENT BLOCK
GRANTS PLAN. ANY CONTRACT FOR THE TRANSFER AND THE URBAN
RENEWAL COMMUNITY DEVELOPMENT BLOCK GRANTS PLAN (OR WHATEVER
PART OF PARTS OF THE CONTRACT OS PLAN AS THE MUNICIPALITY
DETERMINES) MAI BE RECORDED IN THE LAND RECORDS OF THE
COUNTY IN WHICH THE MUNICIPALITY IS SITUATED IN A MANNER SO
AS TO AFFORD ACTUAL OR CONSTRUCTIVE NOTICE OF IT.

(B)    THE MUNICIPALITY MAY OPERATE TEMPORARILY AND
MAINTAIN REAL PROPERTY ACQUIRED BY IT IN AN URBAN RENEWAL A
COMMUNITY DEVELOPMENT AREA FOR OR IN CONNECTION WITH AN

URBAN RENEWAL A COMMUNITY DEVELOPMENT BLOCK GRANTS PROJECT

PENDING THE DISPOSITION OF THE PROPERTY AS AUTHORIZED IN
THIS SUBHEADING, WITHOUT REGARD TO THE PROVISIONS OF
SUBSECTION (A), FOR USES AND PURPOSES CONSIDERED DESIRABLE
EVEN THOUGH NOT IN CONFORMITY WITH THE URBAN RENEWAL
COMMUNITY DEVELOPMENT BLOCK GRANTS PLAN.

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

241L.

CONDEMNATION OF LAND OR PROPERTY UNDER THE PROVISIONS
OF THIS SUBHEADING SHALL BE IN ACCORDANCE WITH THE PROCEDURE
PROVIDED IN THE REAL PROPERTY ARTICLE OF THE ANNOTATED CODE
OF MARYLAND.