No. 2383 contracting the boundaries of the West Washington-Chapin Development Area

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PROJECT PROPOSALS • A. Property Acquisition Although there is no property acquisition identified in this plan, it is anticipated that some property acquisition, could occur in the future. When this occurs, the South Bend Department of Redevelopment Commission will either: Demolish the structure or structures thereon, if any, and dispose of the land for redevelopment at its fair market value, excepting those cases when land is sold or leased to another public body for uses in accordance with the Development Plan; or 2. Rehabilitate or partially rehabilitate the structure prior to selling or leasing the property to a purchaser or lessee for uses in accordance with the Development Plan. 3. Sell or lease the property to purchaser or lessee usually at its fair market reuse value, excepting those cases when property is sold or leased to another public body for uses in accordance with the Plan. B. Property Rehabilitation All properties in the Area shall comply with the standards set forth in all applicable statutes, codes and ordinances, as amended from time to time, relating to the use, maintenance, facilities, and occupancy of existing property, including, but not limited to, Chapters 6,8,9, and 21 of the South Bend • Municipal Code. All properties within the Area shall be maintained so that the appearance of the premises and all buildings thereon shall reflect a level of maintenance in keeping with the standards of the Area and the requirements of the South Bend Municipal Code. C. Developer's Obli atg_ions The land acquired by the Redevelopment Commission will be disposed of subject to an Agreement between the Commission and the Developer. The Developer will be required by the Agreement to observe the land use and building requirements and objectives of this Plan and to carry out all development within an agreed time period. The Agreement and Deed contain other provisions required by the Commission and the United States Department of Housing and Urban Development. In addition, the following provisions, plus other appropriate provisions, will be included in the Agreement: An approved plan for the project and a time schedule for start and completion of the project. 2. That the purchase of the land is for the purpose of redevelopment and not for speculation. Purchase contracts will provide that the Developer agree that purchase of the property is for the purpose of redevelopment and not for speculation. • 10 10/23/87