After approval of the urban renewal or redevelopment plan by Council, the Mayor shall cause the redevelopment or renewal of the project area to be administered in accordance with the approved plan. When authorized by ordinance of Council, the Mayor shall execute any and all contracts, including, but not limited to, those contracts necessary to acquire property in the project area, to demolish buildings on such property, to make site improvements indicated in the plan and to dispose of property in the project area which is not to be retained by the city in accordance with the plan. The ordinance authorizing the disposal of such land shall prescribe, in detail, the terms, conditions and manner in which such sale is to be made and the covenants to be contained in the instruments of conveyance from the city to the redeveloper. Such terms, conditions or covenants shall not contain any restrictions based upon race, creed or color. Pending the use or sale of property in the project area, the Mayor may temporarily cause such property to be rented for such uses and purposes as may be desirable, even though such uses and purposes are not in conformity with the urban renewal or redevelopment plan.
(`82 Code, § 1232.08) (Ord. 86-77, passed 10-7-86; Am. Ord. 94-79, passed 8-16-94)