Laserfiche WebLink
C. Commission Disposition of Property <br />In the event that land is acquired by the Redevelopment Commission will <br />be disposed of subject to an Agreement between the Commission and the <br />Developer. The Developer will be required by the Agreement to observe <br />the land use and building requirements and objectives of this Plan and to <br />carry out all development within an agreed time period. <br />In addition, the following provisions, plus other appropriate provisions, will <br />be included in the Agreement: <br />a. The approved plan for the project and a time schedule for start and <br />completion of the project; <br />b. That the purchase of the land is for the purpose of redevelopment <br />and not for speculation. Purchase contracts will provide that the <br />Developer agree that purchase of the property is for the purpose of <br />redevelopment and not for land speculation. Prior to the <br />completion of the redevelopment project, the Developer may not <br />sell, lease, or otherwise transfer such land (or improvements) <br />without the prior written consent of the South Bend Redevelopment <br />Commission; <br />C. That the land will be built upon and improved in conformity with the <br />objectives and provisions of the Plan; <br />d. That the building of improvements will be commenced and <br />completed within a specified period of time; <br />e. That the Developers, their successors or assigns, agree that there <br />will be no discrimination against any person or group of persons on <br />account of race, creed, color, sex, age, transfer, use, occupancy, <br />tenure, or enjoyment of the premises therein conveyed or <br />improvements erected or to be erected thereon, nor will the <br />Developer himself or any person claiming under or through him <br />establish or permit any such practice or practices of discrimination <br />or segregation with reference to the selection, or vendees in the <br />premises therein conveyed, or improvements erected or to be <br />erected thereon. <br />C. Project Planning Incentives <br />To be defined as part of a plan amendment in the future. <br />35 <br />