1981 - 07-20-81 Regular Meeting - Laserfiche WebLink

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aoo~ 10 Prsq 195 or other instruments, in addition to including such other terms and conditions as the LPA finds desirable in order to implement and effectuate the objectives of this Redevelop- ment Plan, will obligate the purchasers of the land in the area and their successors in interest to: a. Devote the parcels owned by them to and only to the uses specified in this Redevelopment Plan; b. Diligently prosecute the construction of the improve- ments agreed upon in the disposition contract and to begin and complete such improvements within a rea- sonable time as determined in the contract (this obligation, however, will not be made applicable to mortagees and their successors in interest); C. Make no changes in such improvements after completion of the construction that are not in conformity with this Redevelopment Plan. d. Not to assign contract rights or to wise transfer the land (or i.nterest by them, prior to the completion of thereof without the approvaa_ of the on basis satisfactory to the LPA: a in or with respect to such Land. resell or other- therein) purchased the improvement LPA, and except id not to speculate e. Not to effect or execute any agreement, lease, con- 10 veyance or other instrument whereby any parcels in the CDP area owned by them are restricted upon the basis of race, religion, color, or national origin in the sale, Lease, or occupancy thereof. ('Phis obligation is to be effective without limitation as to time, regardless of any termination date provided with respect to any other provisions of this Redevelop- ment Plan.) A certificate of completion will be issued to each re- developer upon completion of the improvements in accordance with the plan and contract. It is intended by this Redevelopment Plan that the LPA be a beneficiary of all such covenants and obligations and that it (in addition to other appropriate public agencies) shall be entitled to represent the interest and to act on behalf of the LPA and the community in enforcing such and any other covenants and obligations as to the redevelopment and continued uses of the CDP area in ac- cordance with this Redevelopment Plan. 4. Other Restrictions and Conditions. a. Other Restrictions. In addition to Lite Land Use Designations and Standards, certain other restrictions will. be imposed through restrictive covenants. These include the following: -14-