OBLIGATION TO BEGIN WITHIN A REASONABLE TIME ANY IMPROVEMENTS ON THE
REAL PROPERTY REQUIRED BY THE URBAN RENEWAL 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
PLAN. IN DETERMINING THE FAIR VALUE OF REAL PROPERTY FOR USES IN
ACCORDANCE WITH THE URBAN RENEWAL 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
PRIVATE PURCHASER OR LESSEE MAY NOT SELL, LEASE, OR OTHERWISE TRANSFER
THE REAL PROPERTY WITHOUT THE PRIOR WRITTEN CONSENT OF THE
MUNICIPALITY UNTIL THE PRIVATE PURCHASER OR LESSEE HAS COMPLETED THE
CONSTRUCTION OF ANY OR ALL IMPROVEMENTS THAT THE PRIVATE PURCHASER OR
LESSEE IS OBLIGATED TO CONSTRUCT ON THE PROPERTY. IN ACCORDANCE WITH
THE PROVISIONS OF THE URBAN RENEWAL PLAN, REAL PROPERTY ACQUIRED BY
THE MUNICIPALITY THAT IS TO BE TRANSFERRED SHALL BE TRANSFERRED AS
RAPIDLY AS FEASIBLE IN THE PUBLIC INTEREST. ANY CONTRACT FOR THE
TRANSFER AND THE URBAN RENEWAL PLAN (OR WHATEVER PART OR PARTS OF THE
CONTRACT OR PLAN AS THE MUNICIPALITY DETERMINES) MAY 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 AREA FOR OR IN CONNECTION
WITH AN URBAN RENEWAL PROJECT PENDING THE DISPOSITION OF THE PROPERTY
AS AUTHORIZED IN THIS APPENDIX, WITHOUT REGARD TO THE PROVISIONS OF
SUBSECTION (A) OF THIS SECTION, FOR USES AND PURPOSES CONSIDERED
DESIRABLE EVEN THOUGH NOT IN CONFORMITY WITH THE URBAN RENEWAL PLAN.

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

A1-109. EMINENT DOMAIN.

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

A1-110. ENCOURAGEMENT OF PRIVATE ENTERPRISE.

THE MUNICIPALITY, TO THE EXTENT IT DETERMINES TO BE FEASIBLE IN
CARRYING OUT THE PROVISIONS OF THIS APPENDIX, SHALL AFFORD MAXIMUM
OPPORTUNITY TO THE REHABILITATION OR REDEVELOPMENT OF ANY URBAN