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2007 Vetoed Bills and Messages
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S.B. 1009
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(2) THE URBAN RENEWAL PLAN CONFORMS SUBSTANTIALLY TO
THE MASTER PLAN OF THE MUNICIPALITY AS A WHOLE; AND
(3) THE URBAN RENEWAL PLAN WILL AFFORD MAXIMUM
OPPORTUNITY, CONSISTENT WITH THE SOUND NEEDS OF THE MUNICIPALITY AS
A WHOLE, FOR THE REHABILITATION OR REDEVELOPMENT OF THE URBAN
RENEWAL AREA BY PRIVATE ENTERPRISE.
(B) AN URBAN RENEWAL PLAN MAY BE MODIFIED AT ANY TIME. IF
MODIFIED AFTER THE LEASE OR SALE OF REAL PROPERTY IN THE URBAN
RENEWAL PROJECT AREA, THE MODIFICATION MAY BE CONDITIONED ON
WHATEVER APPROVAL OF THE OWNER, LESSEE, OR SUCCESSOR IN INTEREST AS
THE MUNICIPALITY CONSIDERS ADVISABLE. IN ANY EVENT, IT SHALL BE
SUBJECT TO WHATEVER RIGHTS AT LAW OR IN EQUITY AS A LESSEE OR
PURCHASER, OR THE SUCCESSOR OR SUCCESSORS IN INTEREST, MAY BE
ENTITLED TO ASSERT. WHERE THE PROPOSES MODIFICATION WILL CHANGE
SUBSTANTIALLY THE URBAN RENEWAL PLAN AS APPROVED PREVIOUSLY BY THE
MUNICIPALITY, THE MODIFICATION SHALL BE APPROVED FORMALLY BY THE
MUNICIPALITY, AS IN THE CASE OF AN ORIGINAL PLAN.
(C) ON THE APPROVAL BY THE MUNICIPALITY OF AN URBAN RENEWAL
PLAN OR OF ANY MODIFICATION OF IT, THE PLAN OR MODIFICATION SHALL BE
CONSIDERED TO BE IN FULL FORCE AND EFFECT FOR THE RESPECTIVE URBAN
RENEWAL AREA. THE MUNICIPALITY MAY HAVE THE PLAN OR MODIFICATION
CARRIED OUT IN ACCORDANCE WITH ITS TERMS.
A1-108. DISPOSAL OF PROPERTY IN URBAN RENEWAL AREA.
(A) THE MUNICIPALITY, BY ORDINANCE, MAY SELL, LEASE, OR
OTHERWISE TRANSFER REAL PROPERTY OR ANY INTEREST IN IT ACQUIRED BY
IT FOR AN URBAN RENEWAL PROJECT TO ANY PERSON FOR RESIDENTIAL,
RECREATIONAL, COMMERCIAL, INDUSTRIAL, EDUCATIONAL, OR OTHER USES OR
FOR PUBLIC USE, OR IT MAY RETAIN THE PROPERTY OR INTEREST FOR PUBLIC
USE, IN ACCORDANCE WITH THE URBAN RENEWAL PLAN AND SUBJECT TO
WHATEVER COVENANTS, CONDITIONS, AND RESTRICTIONS, INCLUDING
COVENANTS RUNNING WITH THE LAND, AS IT CONSIDERS NECESSARY OR
DESIRABLE TO ASSIST IN PREVENTING THE DEVELOPMENT OR SPREAD OF
FUTURE SLUMS OR BLIGHTED AREAS OR TO OTHERWISE CARRY OUT THE
PURPOSES OF THIS APPENDIX. THE PURCHASERS OR LESSEES AND THEIR
SUCCESSORS AND ASSIGNS SHALL BE OBLIGATED TO DEVOTE THE REAL
PROPERTY ONLY TO THE USES SPECIFIED IN THE URBAN RENEWAL PLAN, AND
MAY BE OBLIGATED TO COMPLY WITH WHATEVER OTHER REQUIREMENTS THE
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- 4540 -
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