Premises sold under the provisions of this chapter shall provide in the instrument of conveyance that the purchaser, successors and assigns shall rehabilitate or develop the premises in accordance with all applicable City requirements and regulations shall henceforth use the premises in accordance with all applicable City requirements and regulations, and shall eliminate any blight thereon and prevent the recurrence of blight. Such provisions shall be both covenants and conditions of conveyance. The instrument of conveyance shall further provide for reversion to the City of Brook Park 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 reentry by the City of Brook Park in such event.
The Commissioner of Economic Development is authorized to negotiate for the sale of premises acquired under the provisions of this chapter which are not to be retained by the City. No land shall be sold except pursuant to ordinance of Council authorizing such sale.
(Ord. 9029-2003. Passed 10-21-03.)