214 – Transfer of Real Property to Redevelopment Corporation.
§ 214. Transfer of real property to redevelopment corporation. Notwithstanding any requirement of law to the contrary or the absence of direct provision therefor in the instrument under which a fiduciary is acting, every executor, administrator, trustee, guardian or other person, holding trust funds or acting in a fiduciary capacity, unless the instrument under which […]
215 – Methods of Acquisition of Real Property.
§ 215. Methods of acquisition of real property. 1. A redevelopment corporation may: (a) Whether before or after the certificates of approval of its development plan required by section two hundred three of this article have been issued, acquire real property or secure options in its own name or in the name of nominees to […]
216 – Proceedings to Acquire.
§ 216. Proceedings to acquire. 1. When it is desired that any real property in a development area be acquired by condemnation, there shall be presented to the supervising agency by the redevelopment corporation a verified petition requesting the issuance of a certificate of approval of condemnation of such real property which shall contain, among […]
217 – Temporary Use or Occupation of Real Property Taken by Acquisition.
§ 217. Temporary use or occupation of real property taken by acquisition. When title to real property has vested in a redevelopment corporation or city by gift, grant, devise, purchase or in acquisition proceedings or otherwise, the redevelopment corporation or city, as the case may be, may in accordance with the provisions of the eminent […]
218 – Mortgages.
§ 218. Mortgages. 1. Any redevelopment corporation may borrow funds and secure the repayment thereof by mortgage. Every such mortgage shall contain reasonable amortization provisions and shall be a lien upon no other real property except that forming the whole or a part of a single development area. 2. Certificates, bonds and notes, or part […]
219 – Sale or Lease of Real Property by a City to a Redevelopment Corporation.
§ 219. Sale or lease of real property by a city to a redevelopment corporation. 1. The local legislative body, or if there is a board of estimate in the city, then the board of estimate, may by resolution determine that real property, title to which is held by the city, specified and described in […]
220 – Provisions of Lease.
§ 220. Provisions of lease. If real property of a city be leased to a redevelopment corporation: 1. The lease may provide that all improvements shall be the property of the lessor; 2. The lessor may grant to the redevelopment corporation the right to mortgage the fee of such property and thus enable the redevelopment […]
221 – Construction.
§ 221. Construction. This article shall be construed liberally to effectuate the purposes hereof, and the enumeration of specific powers in this article shall not operate to restrict the meaning of any general grant of power contained in this article or to exclude other powers comprehended in such general grant.
206 – Limitations of Redevelopment Corporations.
§ 206. Limitations of redevelopment corporations. No redevelopment corporation shall: 1. Undertake any clearance, reconstruction, improvement, alteration or construction in connection with any development until the certificates of approval required by section two hundred three of this article have been issued; 2. Change, alter, amend, add to or depart from the development plan until the […]
207 – Application of Other Corporation Laws to Redevelopment Corporations.
§ 207. Application of other corporation laws to redevelopment corporations. The provisions of the business corporation law as presently in effect and as hereafter from time to time amended, shall apply to redevelopment corporations heretofore or hereafter, except where such provisions are in conflict with the provisions of this article. In the event that any […]