When in the prosecution of a community development plan adopted and approved as provided in Chapters 315 and 317, it is determined by the Board of Control that it is necessary that project agreements be entered into for the redevelopment or rehabilitation of a site or sites located within a community development area, not yet acquired or not to be acquired by the City, the Department of Community Development shall proceed as follows:
(a) No permits for construction or rehabilitation of any structure on a site within such community development area shall be issued unless and until the owner thereof has entered into a project agreement with the City in which the owner shall agree, in addition to such other terms and conditions as may be required by the Board, and in Federally assisted projects, that agency of the United States government concerned therewith, to develop or rehabilitate the site for such uses only as are permitted in the community development plan for the area.
(b) The project agreement shall be executed by the Director of Community Development on behalf of the City pursuant to a resolution of the Board, which agreement shall be prepared by the Director of Law, and in Federally assisted projects, approved by that agency of the United States government concerned therewith.
(Ord. No. 1492-66. Passed 12-12-66, eff. 12-14-66)