[R.O. 1992 § 430.100; Ord. No. 16-11557, 8-15-2016, effective 3-1-2017]
A.
Proceedings. Whenever any person or corporation
under an approved development plan does not substantially comply with
the development plan within the time limits and in the manner for
the completion of each stage thereof as therein stated, or any contract
entered into pursuant thereto, reasonable delays caused by unforeseen
circumstances beyond their control alone excepted, or shall do, permit
to be done, or fail, or omit to do anything contrary to or required
of it by this Chapter, or shall be about so to do, permit to be done,
or fail or omit to have done, anything contrary to or required of
it by this Chapter, then any such fact shall immediately be certified
by the City Planning and Zoning Commission to the City Council, who
may authorize the City Counselor to commence a proceeding in the Circuit
Court in the name of the City to have such action, failure or omission
or threatened action or omission stopped, prevented or rectified by
injunction or otherwise, or in the name of the City to bring an action
for damages against the urban redevelopment corporation for breach
of any of the provisions of the redevelopment plan, provided that
in the event that the City Planning and Zoning Commission determines
that a corporation had abandoned construction before completion of
the project in accordance with the terms of an approved development
plan and the City Council accepts such determination, a declaration
of abandonment shall be filed with the Recorder's Office for Franklin
County and the real property thereafter included in the plan shall
be subject that date to assessment and payment of all ad valorem taxes
based on the full regular assessed value of such real property.
B.
Exception. If any person or corporation
shall propose more than one (1) plan and such plans are approved as
provided in this Chapter, the failure to comply with one (1) or more
of such plans within the time limits and in the manner for the completion
of each stage thereof is therein stated shall not give the City any
right of action with respect to the plans which have been fully complied
with within the time limits and in the manner for the completion of
each stage thereof as therein stated; and the real property included
in such plans which have been fully complied with shall be entitled
to the tax relief provided for in this Chapter.
[R.O. 1992 § 430.105; Ord. No. 16-11557, 8-15-2016, effective 3-1-2017]
A.
Power Of The City Regarding Properties
In Redevelopment Areas. The City may:
1.
Acquire by the exercise of the power
of eminent domain, or otherwise, an area designated on any Master
Plan of the City as a redevelopment area;
2.
Clear any such real property and
install, construct and reconstruct streets, utilities and any and
all other City improvements necessary for the preparation of such
area for use in accordance with the provisions of this Chapter; and
3.
Sell or lease such real property
for use in accordance with the provisions of this Chapter.
[R.O. 1992 § 430.110; Ord. No. 16-11557, 8-15-2016, effective 3-1-2017]
Any urban redevelopment corporation
may accept grants or loans of money from the Government of the United
States or any department or agency thereof.
