(a) Premises sold under the provisions of this chapter shall provide in the instrument of conveyance that the purchaser, its successors and assigns, shall rehabilitate or develop the premises in accordance with all applicable City laws, requirements and regulations; shall henceforth use the premises in accordance with all applicable City laws, requirements and regulations; and shall eliminate any blight thereon and prevent the recurrence of blight. Such provisions shall be both covenants and conditions of the conveyance.
The instrument of conveyance shall further provide for reversion to the City of Bedford Heights if blight does recur upon the premises or the use, development or rehabilitation of the premises is not carried out in accordance with the terms of the conveyance and shall provide for a right of immediate re-entry by the City of Bedford Heights in such event.
(b) Premises conveyed pursuant to this chapter, after acquisition by the City, shall not be subject to the point-of-sale escrow requirements of the Codified Ordinances.
(Ord. 2005-116. Passed 7-19-05.)