Sec. 8-294. Disposition of property by urban rehabilitation agency.
Sec. 8-294. Disposition of property by urban rehabilitation agency. (a) Upon
acquisition of real property by the urban rehabilitation agency under section 8-293, the
urban rehabilitation agency shall publish at least twice a notice in a newspaper having
general circulation in the municipality that such property is available. Such notice shall
include the estimated purchase price, the qualifications of the applicant, procedures for
bidding on the property and the closing date for such bidding. The second notice shall
be published not less than two weeks before such closing date.
(b) Within thirty days after the closing date for bidding, the urban rehabilitation
agency shall recommend to the legislative body the transfer of abandoned property to
a qualified applicant under such terms and conditions as are determined by the agency,
provided the applicant shall be selected in accordance with priorities established under
section 8-295.
(c) The legislative body may, by resolution, vote to transfer the urban rehabilitation
property with or without compensation to the person selected pursuant to subsection
(b) of this section. Such transfer shall be made pursuant to a contract of sale and rehabilitation which shall provide among other things that (1) the property transferred be rehabilitated predominantly for industrial or commercial use and be brought into and maintained in conformity with applicable health, housing and building code standards; (2)
that the rehabilitation shall commence and be completed within a period of time as
determined by the urban rehabilitation agency; (3) prior to the issuance of a certificate
of occupancy by the building official, no transfer of the property or any interest therein,
except a transfer to a bona fide mortgagee or similar lien holder, may be made by the
rehabilitator without the approval of the urban rehabilitation agency, provided any such
transfer may only be made for a consideration not in excess of the cost of the property
to the rehabilitator together with the costs of any improvements made thereon by the
rehabilitator; (4) in the sale or rental of the property, or any portion of such property,
no person shall be discriminated against because of such person's race, color, religion,
sex or national origin; (5) representatives of the urban rehabilitation agency, representatives of the municipality, and if state or federal assistance is involved, representatives
of the federal and state governments shall be allowed access to the property during
normal business hours for the purpose of inspecting compliance with the provisions of
this subsection.
(P.A. 77-503, S. 5; P.A. 86-403, S. 19, 132; P.A. 06-196, S. 193.)
History: P.A. 86-403 made technical change in Subsec. (b); P.A. 06-196 made technical changes in Subsecs. (a) and
(c), effective June 7, 2006.