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No. 1058 expanding the boundaries of the AEDA, expanding the allocation area for purposes of TIF and amending the AEDA development plan
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No. 1058 expanding the boundaries of the AEDA, expanding the allocation area for purposes of TIF and amending the AEDA development plan
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10/18/2012 2:59:02 PM
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11/21/2011 2:21:15 PM
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C. Developers Obligations <br />The land acquired by the City of South Bend Redevelopment <br />Commission will be disposed of subject to an Agreement between <br />the Commission and any potential developer. Any potential <br />developer will be required by the Contractual Agreement to <br />observe the Land Use and building requirements of this <br />Development Plan. They will further be required to submit a <br />development schedule satisfactory to the South Bend <br />Redevelopment Commission. No developer will be permitted to <br />defer the start of construction for a period longer than that <br />required for the preparation of necessary development plans. <br />1. In addition, the following provisions will be included in <br />any agreement: <br />a. That any developer will submit to the Commission a <br />plan and schedule for the proposed development. <br />b. That the purchase of the land is for the purpose of <br />development and not for speculation. <br />C. That the land will be built upon and improved in <br />conformity with the objectives and provisions of the <br />Development Plan. <br />d. That the building of improvements will be commenced <br />and completed within a reasonable period of time. <br />
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