All applicants shall, prior to sale, be required to enter into a redevelopment agreement with the Village wherein the applicant agrees to:
(A) Pay the Village for all costs and expenses, including the cost of obtaining an affidavit of title or title commitment prior to conveyance and the other costs reimbursable to the Village under this section;
(B) Accept title to the parcel by a recordable quitclaim deed;
(C) Provide the Village with a list of the project improvements, a site plan for the property, and any building plans for the property;
(D) Complete the project as set forth in the redevelopment agreement or title to the property may, in the sole discretion of the Village President and Board of Trustees, revert back to the Village;
(E) Pay all debts, judgments or other money owed the village prior to or at closing on the parcel; and
(F) Provide the deposit required in § 156.04 within 48 hours of approval of the conveyance by the Village Board of Trustees.
(Ord. CO-02-17, passed 6-17-2002; Am. Ord. CO-2012-14, passed 8-21-2012)