Property or an interest in property in a project area which is not to be retained by the City in accordance with the urban renewal plan may be disposed of by the City by sale, lease or other method of disposition of such property. The City may enter into such contracts with respect to such disposition in accordance with the urban renewal plan, and may provide therein such covenants, conditions and restrictions, including covenants running with the land, as are determined to be necessary and appropriate to carrying out the purposes of the urban renewal plan. The manner of disposition may be by negotiation or any other permissible method of disposition approved by City Council either in connection with City Council's approval of a particular urban renewal plan, or in connection with City Council's approval of the disposition of a particular parcel of property in an urban renewal area.
Pending the disposition or retention by the City of property in project area, such property may be leased for such uses as may otherwise be lawful and desirable, even though such uses are not then in conformity with the urban renewal plan, pending the disposition or retention of such property for redevelopment in accordance with the urban renewal plan.
The documents providing for the disposition or retention of property in an urban renewal project may contain such antidiscrimination provisions as are necessary and appropriate, and consistent with the requirements of applicable law.
(Ord. 11016/97. Passed 3-26-97.)