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HomeMy WebLinkAboutCommunity Redevelopment Act of California - Urban Renewal - t 8 > ION` May, 10, 1950 Jack Greer 630 Geneva Street Huntington Beach, Califo Dear Mr. Greer, The enclosed ditto copy of the Community Redevelopment Act, embodying all amendments to date, with a digest and chart, which further clarify the procedure to be followed toward establishing a re- development project. Very truly yours' J. .. enr G san, City Clerk. ` �To cc: Langenbeck LeBard Seabridge Talbert May 10, 1950 Chris King 617 -- llth Street Huntington .Beach, Calif. Daar Mr. King, , The enclosed ditto copy of the Community Redevelopment Act, embodying all amendments to date, with a digest and chart, which Further clarify the procedure to be followed toward establishing a re- development project. Very truly yours, J. . Henri3ksen City Clerk. JLH:bd Encl. . P*So: The City Council at a regularly held meeting on May 2, 1950 appointed you as a. member of tha Redevelopment Agency for a term of four (4) years. CC. R.PoYAandic 4 yrs. Hinshaw, 3 yrs o Sayer 2 yrso C, Terry 1 yr. RAY H`OVERACKER ' ` 412 Olive Avenue City Attorney P.O. Box 269 f Lexington 6-3030 INGTp�� RFORAT F CITY OF N BEACH NTY G�\\ November 7, 1949 Honorable Mayor and City Council of the City of Huntington Beach Huntington Beach, California Re: 14th Street and Main Street area Community Redevelopment Act Gentlemen; Sometime ago the City Council referred to me the problem of rehabilitating the 14th Street area and particularly the lots on the southerly corner of 14th Street and Main Street® Of this property, lots 1, 2 and 3 in block 813, stands in the name of M. L. McKeever, P 0 Box 1043, San Francisco. While in San Francisco I spent almost a day trying to find the residence address of Mr. McKeever, but was unable to do so. After I . returned home, more or less by accident, I learned that the law " firm of Entenza & Gramer, 119 South Beverly Drive, Beverly Hills, California, owned a one third undivided interest in these lots. I discussed the matter Friday afternoon with the junior member of the firm, Mrs . Gramer, on the telephone and she stated that she did not know the present condition of the property and was willing to cooperate with the City. It is gust possible the City might acquire the one third interest for a nominal sum, and by bringing a, partition action force a sale of the property. I have also given considerable study to the redevelop- ment act as applied to this particular area. I find that some of the property in this area, belongs to the City of Huntington Beach in fee and that the City and State both have tax deeds to other property, some of which is subject to sale by the County to the City . I went over this area yesterday with Councilman Lang«- enbeck and I desire to suggest to the City a four point program as follows: i Mayor and Cit. ;ouncil - 2 11-7--49 1 . Clear and rehabilitate the property owned by the City. The City ownes in fee lots 5, 6, 120 13, 14, 15, 19 and 20 in block 913; lots 21 and 22 in block 911. The City also owns a one half undivided interest in lots 6 and 7 in block 813. 2. Acquire the Countyts interest in present property deeded to both the State and the City for non-payment of taxes. These lots include lots 4, 5, 8. and 12 in block 813; and lots 31 and 32 in block 911. The list o'f property subject to sale includes approximately 23 lots in the City. Probably the County would desire to sell all of the lots in one sale. The City would have to take these lots ' as ist and clear the title. 3. Secure the cooperation of the owners of property. Undoubtedly the owners of property in this area would be willing to cooperate with the City or be willing to sell to the City at a cost price that would allow the City to sell the property for enough to pay the cost of filling the sumps and clearing the prop- erty. 4. Proceed under the comnunity redevelopment act. This act provides briefly that an area. of not less than one block may be rehabilitated. A tentative plan is prepared by the plan- ning commission, approved by the City Council; a rehabilitation commission composed of five persons is appointed to act on the basis of the tentative plan and prepare a final plan, which when approved by the City Council, is put into effect by the rehab- ilitation commission.. Both Federal and State funds are available to assist in such projects . Very r ly yours, RAY H. OVERACKER City Attorney RHO: eo To` � ' �-E,, rp ��cN>r � —DATE 'fr •�`c� :•� �3' 4E.f`i.��� is-��'4..i.✓'btua#��� �t ��+zl 'r"*'�F?'j your." ,SIGNED' f �..✓4i�✓1.+t.F.r"�,.?,,. + , PLEASE REPLY -HERE TO .DATE SIGNED INSTRUCTIONS—PERSON ORIGINATING MEMO WILL REMOVE' DUPLICATE (YELLOW) COPY AND FORWARD ORIGINAL (WHITE) AND.-TRIPLICATE (PINK) WITH CARBONS RE. MAININGAN SET. AFTER REPLY IS WRITTEN, SNAP OUT CARBON$; RETAIN THE TRIPLICATE AND RETURN THE.ORIGINAL TO THE PERSON ORIGINATING MEMO. FORM S.O. 4 TO DATE /44A t't.�*✓i..f�� �,.t'r°/ 15..,a. - SIGNED PLEASE.-REPLY. HERE- To DATE SIGNJED INSTRUCTIONS—PERSON ORIGINATING MEMO. WILL REMOVE DUPLICATE (YELLOW) COPY AND FORWARD ORIGINAL (WHITE) AND TRIPLICATE (PINK) WITH CARBONS RE. MAINING IN SET. AFTER REPLY IS WRITTEN, SNAP OUT CARBONS; RETAIN THE TRIPLICATE AND RETURN THE:ORIGINAL TO THE PERSON ORIGINATING MEMO. FORM S.O.4 'To v DATE ' , 24 C.� .SIGNED PLEASE REPLY- HERE -To DATE _ SIGNEU INSTRUCTIONS—PERSON ORIGINATING. MEMO WILL` REMOVE DUPLICATE (YELLOW) COPY AND FORWARD ORIGINAL (WHITE) AND TRIPLICATE (PINK) WITH CARBONS RE- MAINING IN SET. AFTER REPLY IS WRITTEN, SNAP OUT CARBONS; RETAIN THE TRIPLICATE AND RETURN THE ORIGINAL TO THE PERSON ORIGINATING MEMO. -FORM S.O.4 DATE v r. V SIGNED- ­PLEASE REPLY 'HERE TO DATE SIGNIED INSTRUCTIONS-PERSON ORIGINATING MEMO WILL REMOVE DUPLICATE (YELLOW)- COPY AND FORWARD ORIGINAL (WHITE) AND-TRIPLICATE (PINK) WITH CARBONS RE• MAINING IN SET. AFTER REPLY IS WRITTEN, SNAP OUT'CARBONS; RETAIN THE TRIPLICATE AND RETURN THE ORIGINAL TO THE PERSON ORIGINATING MEMO. FORM 5.0.4 ® - CTTr OF HUNTINGTON BEACH California- ' November 7, 1949 Honorable Mayor and ,City Council of the City of Huntington Beach Huntington Beach, California Re: 14th Street and Main Street area. Community -Redevelopment Act Gentlemen: Sometime ago the City Council referred to me the problem of rehabilitating the 14th Street Area and particularly the lots on the southerly corner of 14th Street and Main Street. Of this property, lots 1, 2 and 3 in block 813, -stands in the name of M. L. McKeever, F 0 Box 1043, San Francisco. While in San 'Pranci.sco I spent almost a day trying to find the residence address of Mr. McKeever, but was unable to do so. After I returned home, more or less by accident, I learned that the law firm of Fntenza & Cramer, 119 south Beverly Drive,, Beverly Hills, California., owned a_ one third undivided' interest in these lots. discussed the matter Friday afternoon with the junior member of.. ,,the firm, Mrs..... gr:.amer, on the telephone and she stated that shc;: did not know 'the present condition- ofthe property and was w1l3ing to cooperate with the City. It is just . possible the City might acquire the one third Interest for a nominal sum, and by bringing a partition action force a sale of the property. I have also given considerable, study to the redevelop- ment act as applied to this particular area. I find that some. of the property In this area belongs to the City of Huntington Beach In fee and that the City and State both have tax deeds to other, property, some of vdilch is subject to sale by the .County to the City. I went over this area yesterday with Councilman Langenbeck and I desire to suggest to the City a, f9ur point program as follows. 1. Clear and rehabilitate the propsrt maned, by the City. The City owns in .gee lots 5o b', 12, 13, 1 , 15, 19 and 20 in block 913;, lots 21 and 22 in block 9l1. 'The City also owns ;-- a one half undivided Interest in lots b and 7 in block 813. °V Mayor and City Council 11-7-49 2. Acquire the County's interest in present property deeded to both the State and the Pity for non-payment of taxes. These lots include lots 4v 5, 8 and 12 in block 613, and lots 31 and 32 in.block 911 . The list of property subject to sale includes approximately 23 lots in the City . Probably the County would desire to sell all of the lots in one sale. The City would have to take these lots 'as is' and clear the title. 3. Secure the cooperation of the owners of property. Undoubtedly the owners of property in this area would be willing to cooperate with the City car be willing to sell to the City at a cost price that would sallow the City to sell the property for enough to pay the cost of filling the sumps and clearing the property. 4.. Proceed under ..the community redevelop"pt, act. This act provides briefly that an area, of not less than .one block may be rehabilitated. A tentative plan is prepared by the plan- ning commissiohl approved by the City Council; a rehabilitation commission composed of five persons is appointed to scat on the basis of the tentative plan and prepare a final plan, which when approved by the City Council, is put into effect by the rehab- ilitation commission. Roth Federal and State funds are available to assist in ,such projects. Very truly yours, Ray R. Overacker ( s ) RAY H, OVIMACM City Attorney RHO«eo \\ ,I V J C-L CZ -r - r . . COMMUNITY REDEVELOPMENT ACT of CALIFORNIA (As amehded - 1949) CITY OF RED014DO BEACH, CALIFORNIA Charles H. Wortham, Mayor C I T Y C O U N C I L William F. Czulegar Chester Dailey George Green Richard A. Hardie Laurence R. Henderson Evan E. Peterson, City Manager P 1, A N N I N G C 0 M 14 1 S S I 0 N James P. Irons, Chairman " Mary M. Eich, Secretary Harry. W. Olafsen Hugh P. Doherty David Harris Frank A. Rivers Robert 1i. Dourson Gordon I-Mitnall, Planning Consultant CHAPTER 1326 An act relating to land use and development, including particularly the rehabilitation and redevelopment of blighted areas in urban and suburban communities in this State, and providing ways and means.therefor, and for assisting public and private enterprise ,in the attainment of the , objectives and carrying out the purposes of this act: The people of the State of California do enact as follows: Article 1. Short Title Section 1. This act shall be known and may be cited as the "Community Redevelopment Act." Article 2. Legislative Finding, Policy of State and Purpose of Act Sec. 2. It is hereby found and declared that there exist in many communities in this State blighted areas which constitute either social or economic liabilities, or both, requiring redevelopment in the interest of the health, safety and general welfare of the people of the communities in which they exist and of the people of this State generally. These blighted areas are characterized by one or more of the .following conditions: (a) The existence of buildings and structures, either used or intended to be used for living, comaercial, industrial or other purposes, or any combination of such uses, which by reason of defective design and character of physical construction, faulty interior arrangement and exterior spacing, high density of population and overcrowding, inadequate provision for venti- lation, light, sanitation, open spaces and recreation facilities, age, obsolescence, deterioration, dilapidation, mixed character or shifting of uses to which they are put, or any combination of such factors and charac- teristics, are unfit or unsafe to occupy for residential., commercial, in- dustrial or other purposes and are conducive to ill health, transmission of disease, infant mortality, juvenile delinquency and crime. (b) An economic dislocation, deterioration or disuse, as a result of faulty planning, the subdividing and the sale of lots of irregular form and shape and inadequate size for proper usefulness and development, the laying out of lots in disregard of the contours and other physical charac- teristics of the ground and surrounding conditions, or the existence of inadequate streets, open spaces and utilities, or of lots or other areas which are subject to being submerged by water. (c) A prevalence of depreciated values, impaired investments and social and economic maladjustment to such an extent that there exists a reduced capacity to pay taxes and consequent inadequacy of tax -receipts in relation to the cost of public services rendered. -1- .a L _ (d) A growing and in some instances a total lack of proper uti.lilization of areas, resulting in a stagnant and unproductive condition of land poten- tially useful and valuable for contributing to an serving the public health, safety and welfare; and in other areas a loss of population and reduction of useful utilization of the area, resulting in the further deterioration thereof and in added costs to the taxpayer supporting governmental entities for the creation o{' new public facilities and services elsewhere. It Is furl-her found and declared that the existence of blighted areas characterized by any or all of such conditions, separately or collectively, constitutes a serious and growing menace which is hereby condemned as injuri- ous aid inimical to the public health, safety and welfare of the people of the co-munities in which they exist and of the people, of t1je State generally; that such areas present difficulties and handicaps which are beyond remedy and coat,rol solely by regulatory processes in the exercise of the police power; that they contribute substantially and increasingly to the problems of, and necessitate excessive and disproportionate eXpenditures for, crime prevention, correction, prosecution and punishment, the treatment of juvenile delinquency, the preservation of the public health and safety and the main- taining of adequate police, fire and accident protection and other public services and facilities; that this menace is becoming increasingly direct and substantial in its significance and effect; that the benefits which will result from the remedying of these conditions and the redevelopment of these areas of blight will accrue to all the inhabitants and property owners of the communities iir which they exist. It is further found and declared that such conditions of blight tend to further obsolescence, deterioration and disuse because of the lack of incen- tive to the individual landowner and his inability to improve, modernize or rehabilitate his own particular property while the condition of the neigh- boring properties remains unchanged; that as a consequence the process of deterioration of a blighted area frequently cannot be halted or corrected except by redeveloping the entire .area, or substantial portions thereof; that such conditions of blight are chiefly found in areas which have been subdivided into small parcels, that in most instances the lands are held in divided and widely scattered ownerships, frequently under defective titles, that in many such instances the private assembly of the lands in blighted areas for puri.oses of redevelopment is so difficult and costly that it is uneconomic and as a practical matter impossible for individual owners inde- pendently or collectively to undertake to remedy such conditions because of lack of the legal power necessary for, and the excessive costs involved in, the private acquisition of the real property of the area; that the remedying of s,,uch conditions may require the public acquisition at fair prices of adequate areas, the clearance of the areas thro,igh demolition of existing obsolete, inadequate, unsafe and insanitary buildings and the redevelopment of the areas suffering from such conditions under proper supervision, with appropriate planning, and continuing land use and construction policies. For these reasons it is hereby declared to be the nclicy of this State to ;protect and promote the sound development and redevelopment of blighted areas within this State and the general welfare of the inhabitants of the communities in which they exist by remedying such injurious conditions through the employment of all means appropriate for that purpose; that whenever the .redevelopment of blighted areas cannot be acccra fished by private enterprise alone, without public participation and assistance in the acquisition of land, in ;Manning and in the financing of land assembly, in the work of -2- clearance and in the making of improvements necessary therefor, it is in the public interest to employ the power of eminent domain, to advance or expend public funds for these purposes and to provide a means whereby the blighted areas within this State may be redeveloped or rehabilitated; that the rede- velopment of such blighted areas and the provision for appropriate contin- uing land use and construction policies therein, constitute public uses and purposes for which i;ublic money may be advanced or expended and private property acquired, and are governmental functions of State concern in the interest of the health, safety and welfare of the people of the State gener- ally and particularly of the people of the communities of the State in which such areas exist; that it is in the public interest that work on such pro- jects be commenced as soon as possible in order to create postwar employment; and that the necessity in the public interest for the provisions hereinafter enacted is hereby declared to be a matter of legislative determination. Sec. 2.1. It is hereby found and declared that blighted areas shall in- clude housing areas constructed as wartime housing projects, and it is further found and declared th..t such areas are characterized by one or more of the conditions enumerated in Section 2 of this act. Article 3. General Provisions and Definitions Sec. 3. The following definitions and general provisions govern the construction of this act. Sec. 4. "Agency" means a redevelopment agency created by this act. Sec. 5. "Redevelopment area" means an area of a community which the legis- lative body thereof finds is a blighted area whose redevelopment is necessary to effectuate the ,�ublic purposes declared in this act. A redevelopment area need not be restricted to, or consist entirely of, buildings, improvements, or lands which of themselves are detrimental or inimical to the public health, safety or welfare, but may consist of an area in which such conditions pre- dominate and injuriously affect the entire area. A redevelopment area may therefore include; lands, buildings or improvements which of themselves are not detrimental to the public health, safety or welfare, but whose inclusion is found necessary for the effective redevelopment of the area of which they are a part. Sec. 6. "Bonds of the agency" means any bonds, notes, interim certifi- cates, debentures or other obligations issued by an agency pursuant to Article 13 of this act. Sec. 7. "Corununity'l means a city, county, or city and county. Sec. g. "Federal Government" means the United States of America, or any agency or instrumentality, corporate or otherwise, of the united States of America. Sec. 9. "Legislative body" means the city council, board of supervisors or other legislative body of a commaunity. Sec. 10. "Obligee of the agency" or "obligee" shall include; any bondholder, trustee or trustees for any bondholder, or lessor demising to the agency property used in connection with a project area, or any assignee or assignees of such lessor's interest or any part thereof, and the Federal Government when it is party to any contract with the agency. -3- Sec. 11. "Planning commission" means a planning commission established under any State law or created by or pursuant to the charter of the community. Sec. 12. "Project area" means all or a portion of a redevelopment area comprising either (1) at least one block bounded on all sides by public high- ways as shown on the official map of the community, or (2) where no official map exists, an area of not less than 90,000 square feet, including any high- ways, streets, or alleys. Sec. 13. "Real property" means lands, including lands under water and waterfront property, buildings, structures, fixtures, and improvements thereon, any and all property of any nature appurtenant thereto or used in connection therewith, and every estate, interest, privilege, easement, franchise and right, legal or equitable, therein, including rights of way, terms for years and liens, charges or encumbrances by way of judgment, mortgage or otherwise and the indebtedness secured by such liens. Sec. 14. "Redevelopment" means the planning; development, replanning, redesign, clearance, reconstruction or rehabilitation, or any combination of these, of a redevelopment area or part thereof, and the provision of such residential, commercial, industrial, public or other structures or spaces as may be appropriate or necessary in the interest of the general welfare, - inclu0.ing recreational and other facilities incidental or appurtenant thereto. The.term does not exclude the continuance of existing buildings Cr uses whose demolition and rebuilding or change of use are not deemed essential to the redevelopment and rehabilitation of the area. The term includes provision for open space types of use, such as streets and other rublic grounds and space around buildings, as well as buildings, structures and improvements, public or private, and improvements of recreation areas, ;public or private, and other public -rounds. The term also includes the replanning or redesign or original development of undeveloped areas which by reason of defective or inadequate street layout, faulty lot layout in relation to size, shape, accessibility, or usefulness, or for other causes are stagnant or not pro- perly utilized or which, because of widely scattered ownership, or tax de- linquency, or other reasons, require replanning and land assembly for re- clamation or development in the interest of the general welfare. Sec. 15. "Redevelopment project" means any work or undertaking of an agency pursuant to this act. Sec. 16. "State Government" means the State of California, or any agency or instrumentality, corporate or otherwise, thereof. Sec. 17. "State public body" means the State, or any city, city and county, county,district, authority, or any other subdivision or public body of the-State. Article 4. Redevelopment Agencies Sec. 18. There is hereby created in each community a public body, cor- porate and politic, to be known as the redevelopment agency of the community. Sec. 19. The agency of any community shall not transact any business or exercise any powers under this act unless and until the legislative body of the community shall by resolution adopted by a majority vote declared at any time hereafter that there is need for a redevelopment agency to function in such community. -4- f z Sec. 20. If any suit, action or proceeding involving the validity or enforcement of, or relating to, any contract by or on behalf of an agency, the agency shall be conclusively deemed to have become established and Authorized to transact business and exercise its powers upon proof of the adoption of a resolution by the legislative body declaring the'need for the redevelopment agency to function. Sec. 21. When the legislative body of a community first adopts a resolution as provided for in Section lq of this act, the mayor of a city or of a city and county or the chairman of the board of supervisors of a county, with the approval of the legislative body, shall appoint five resident electors of the community as members of the agency. No member of the agency may be an elective officer or an employee of the community, but he may be a member, commissioner or employee of any other agency or authority of, or created for, the community notwithstanding any other provision of law. The powers of each agency shall be vested in the members thereof then in office. Members shall receive their actual and necessary expenses, including traveling expenses incurred in theAddischarge of their duties and may receive such other compen- sation as the legislative body may prescribe or authorize. Sec. 22. Three of the members who are first appointed shall be designated to serve for terms of one, two, and three years respectively, from the date of their appointments, and two shall be designated to serve for terms of four years from the date of their appointments. Thereafter, members shall be ap- pointed as aforesaid for a term of office of four years, except that all vacancies occurring during a term shall be filled for the unexpired term. A member. shall hold office until his successor has been appointed and has qualified. The appointing officer shall designate which of the members of the agency appointed shall be the first chairman, but when the office of the chairman of the agency becomes vacant thereafter, the agency shall elect a chairman from among its members. The term of office as chairman of the agency, unless otherwise prescribed by the legislative body of the community, shall be for the calendar year, or for that portion thereof remaining after each such chairman is designated or elected. Sec. 23. For inefficiency or Neglect of duty or misconduct in office, a member of an agency may be removed by the appointing officer, but the member may be removed only after he shall. have been given a copy of the charges at least ten days prior to a public nearing thereon and has had an opportunity to be heard in person or by counsel. In the event of the removal of any commissioner, a record of the proceedings, together with the charges and findings thereon, shall be filed in the office of the clerk of the community. Sec. 24. No officer or employee of the community or of the agency who in the course of his duties is rewired to participate in the formulation of plans or policies for -the redevelopment of a project area, or to approve such plans or 1_•olicies, shall aciaire any interest in any property included within a project area within the corrm-iunity. If any such officer or employee owns or has any financial interest, direct or indirect, in any property in- cluded within such a project area he shall immediately disclose, in writing, such interest to the agency and the legislative body of the community and such disclosure sho.11 be entered on the minutes of the agency and of the legislative body. Failure to so disclose such interest shall constitute mis- conduct in office. No agency shall acquire from any of.its members or officers any property, or interest therein, except through eminent domain proceedings. -5- 'z. .6. '+aijc; 1 thu agency created for any community becomes authorized to transact business and exercise its powers, the legislative body of the com- munity may at that time, and from time to time thereafter, appropriate such amounts to the agency out of any moneys not appropriated to some other pur- pose, as it deems necessary, for the administrative expenses and overhead of 'the agency. The moneys so appropriated may be paid to the agency as a grant to defray said expenses and overhead, or as a loan to be repaid upon such terms and conditions as the legislative body of the community may provide. Sec. 26. Each agency transacting any business and exercising any powers under this act shall annually submit to the legislative body of the community a proposed budget of its administrative expenses. The legislative body may adopt the annual budget for the administrative expenses of the agency in such mounts as it deems necessary and may provide such conditions and restrictions upon the expenditure or encumbrance of the funds appropriated pursuant to said budget as it deems advisable. The funds appropriated by the legislative body for administrative expenses shall be Dept in the treasury of the conmrunity in a special fund to be known as the Community Redevelopment Agency Administrative Fund, and funds shall be drawn therefrom to meet the administrative expenses of the agency in sub- stantially the same manner as funds are drawn by other agencies and departments of the community subject to budgetary control. The funds appropriated by the legislative body of the community to the Community Redevelopment Agency Administrative Fund are funds granted by the community to defray the administrative expenses of the agency which is per- forming a public function of the community and the grant of funds in this manner is not to be construed as making the agency a department of the com- munity or as placing the officers, agents, counsel and employees under civil service of the community. Sec. 27. Each such agency shall file with the legislative body a detailed report of all its transactions, including a statement of all revenues and expenditures, at monthly, quarterly, or annual intervals as the legislative body may prescribe. Sec. 28. At any time after two years after adopting a resolution declaring that there is need for an agency to function in a community, the legislative body thereof, if such agency shill not theretofore have redeveloped or acquired land for, or commenced the redevelopment of, a project, or entered into any contracts for redevelopment, may by resolution declare that there is no further need for such agency in the community. Thereupon the offices of the members of the agency shall be vacated and the capacity of the; agency to transact business or exercise any powers shall be suspended and shall remain suspended until the legislative body thereafter adopts a resolution declaring the need for the agency to function. Article 5. Powers of Redevelopment Agency Sec. 29. Each redevelopment agency shall constitute a public body, cor- porate and politic, exercising public and essential governmental functions, and, subject to the limitations imposed by this act, shall have the following powers in addition to the others herein granted: -6- (a) To sue and be sued; to have a seal; to make and execute contracts and other instruments necessary or convenient to the exercise of its powers. (b) To make, and from time to time amend and repeal by-laws, rules and regulations, not inconsistent with this act to carry into effect the powers and purposes hereof. (c) To select, appoint and employ such officers, agents, counsel and . employees, permanent and temporary, as it may require, and determine their qualifications, duties and compensation, subject only to the conditions and restrictions imposed by the legislative body on the expenditure or encum- brance of the budgetary funds appropriated to the Community R,edevelopmont , Agency Administrative Fund as provided by Section 26. (d.) Within the redevelopment area or for purposes of redevelopment: To purchase, lease, obtain option upon, acquire by gift, grant, bequest, devise or otherwise, any real or personal propertyy, or any interest therein, together with any improvements thereon; to acquire 'by the exercise of the power of eminent domain any real property; to clear any and all buildings, structures or other improvements from any real iro1)erty so acquired; to sell, lease, exchange, su:,divide, transfer, assign, pledge, encumber (by mortgage, deed of trust or otherwise) , or otherwise dispose of any real or personal property or any interest therein; to insure or provide for the insurance of any real or per,-zonal property or operations of the agency against risks or hazards; and to rent, ma.int:..in, manage, operate, repair, and clear, such real property. Amy such lease or sale may be nude without public bidding but only after a public hearing by the agency upon the proposed lease or sale and the provisions thereof. (e) To develop as a building site or sites any real property owned or acquired by it, and. in this connection to cause streets and highways to be laid out and graded, and pavements or other road surfacing, sidewalks and curbs, and public utilities of every !:ind to be constructed and installed. (f) To prepare fromtime to time, pl::.ns for the improvement and rehabili- tation of blighted areas. (g) To invest any funds held in reserves or sinking funds or any funds not required for ir-rediate disbursement, in property or securities in which savings banks mal, legally invest funds subject to their control; to purchase its bcnds at a pric, not _,lose than the principal arao-Lmt thereof and accrued interest, all bonds so purchased to be canceled. (h) To obligate lessees or purchasers of land acquired in a redevelopment project: (1) to use such land for the Purpose designated in the redevelop- ment plans; (2) to begin the building of specified improvements within a period of time which the agency fixes as reasonable; and (3) to comply with such other conditions as in the opinion of the redevelopment agency are necessary to carry out the purposes of this act. The agency, by provision in the; contract, may make any of the purchaser's obligations, covenants or conditions runninD with the land, whose breach shall cause the fee to revert to the agency. (i) To exercise all or any part or combination of the bowers herein granted. -7- U) Nothing herein contained shall authorize such redevelopment agency to construct any of the buildings for residential, commercial, industrial, or other use contemplated by the redevelopment plan, or to acquire, without the consent of the owner, any real property on.which buildings are located, where such buildings are to be continued in their present form and use under the redevelopment plan. Article 6. Prerequisites Sec. 30. A community must comply with the requirement of Sections 31 and 32 before proceeding further under this act. Sec. 31. The community must have a planning commission. Sec. 32. The community must have a master or general community plan adopted by the planning commission or the legislative body, and in either case the plan must include at least the following: (a) The general location and extent of existing and proposed future major thoroughfares, transportation routes, terminals, and other major public utilities and facilities. (b) A land-use plan which designates the proposed general distribution and general location and extent of the uses of the land for housing, business, industry, recreation, education, public buildings and grounds, and other categories of public and private uses of land. (c) A statement of the standards of population density and building in- tensity recommended in and for the various districts and other territorial units, together with estimates of future population growth, in the territory covered by the plan, all correlated with the land-use plan. (d) Maps, plans, charts or other descriptive matter showing the area or areas in which conditions are found indicating the existence of blighted areas. Sec. 33. The legislative body of the community may by ordinance adopted by a majority vote of the entire membership, designate one or more areas within the community as a redevelopmentAarea or areas. Each such ordinance shall include a legal description of the boundaries of the area or areas designated as a redevelopment area. The agency or the planning commission may request the legislative body of the community to designate one or more areas within the community as a rede- velopment, area or areas. Any person, group, association or corporation may, in writing, petition the legislative body to designate one or more areas within the community as redevelopment areas, and may submit with their petition plans showing the proposed redevelopment of such areas or any part or parts thereof. Article 7. Preliminary and Tentative Plans in Project Areas Sec. 34. The planning commission may of its own motion, or at the request of the agency, or shall at the direction of the legislative body, or upon the written petition of the owners in fee o, f a. majority in area of -any redevelop- mint urea, excluding that portion thergot in public own ship, dedicated . . _gam. ,s to a public use, select one or more project areas comprising all or a portion of such redevelopment area, and formulate a preliminary plan for the redevel- opment of each such project area. Sec. 35• A preliminary redevelopment plan need not be detailed, but shall be sufficient if it; (a) Describes the boundaries of the project area, (b) Contains a general statement of the land uses, layout of principal streets, population derisities, and building intensities and standards pro- pos'ed as the basis for the redevelopment of the project area, (c) Shows how the purposes of this act would be attained by such redevelopment, and (d) Shows that the proposed redevelopment conforms to the master or general community plan. Sec. 35.2 The planning commission shall submit the preliminary redevel- opment plan for each project area., provided for in Section 35, to the agency and the agency shall base the tentative plan upon the preliminary plan and shall make an analysis of the preliminary plan, including such analysis in its report presented to the legislative body as provided for in Section 36. The agency and planning commission shall cooperate in the selection of project areas and in the formulation of the preliminary and tentative plans. Sec. 35.3. The agency must before submitting said tentative redevelopment plan to the legislative body conduct a public rearing or hearings with reference thereto. Before conducting said public hearing, notice by said agency of such hearing shall be published not less than once a week for four successive weeks prior to the date of hearing in a newspaper of general circulation, printed and published in the community, or if no such newspaper is printed and published in the community, then in a newspaper selected by the agency. The notice of hearing shall include a. legal description of the boundaries of the area or areas designated in the tentative redevelopment plan to be considered and a general statement of the scope and objectives of said plan. Copies of such notices shall be mailed to the last known assessee of each parcel of land within the redevelopment area designated in the tentative plan, at the last known address of such assessee as shown by the records of the assessor of or for the community. At the time set for a hearing the agency shall provide an opportunity for all persons, firms, associ_ations,or co.rparations or any public or private agencies interested to be heard and to submit alternative redevelopment plans for a project area, and shall receive and consider communications in writing with reference thereto. Any alternative redevelopment plan sub- mitted for a project area shall be considered and reported on by the agency and the planning commission in the mariner provided in Section 34 of this act when the tentative redevelopment plan of a project area is submitted to the legislative body. -9- If after said public hearings the agency shall make substantial changes in the tentative redevelopment plan, which affect the master or general community plan adopted by the plann4inz commission or the legislative body, the tentative redevelopment plan shall be resubmitted to the planning commission for its reiDort and recommendation. Sec. 36. The tentative ;plan shall be presented by the agency to the legislative body of the community and shall be accompanied` by a reports (a) Setting forth the reasons for its selection as a �roject area, (b) Describing the conditions existing in the area, physical, social and economic, and (c) Including a preliminary financial analysis of the roposed redevelop- ment together with ilroposed rent ranges on properties for residential use, for the purpose of indicating the general character of the :)roposed residential development. (d) Including the report and recommendations of the planning commission. Sec. 36.3. Should the planning commission recommend against the approval of the tentative plan submitted, the legislative body may adopt such tenta- tive plan only u)on a two-thirds vote of the entire membership of said legis- lative body. . Should the planning commission recommend approval or fail to make any recommendation within thirty (30) days from the date any such ten- tative plan is submitted to it for consideration, the legislative body may adopt such tentative plan by a majority vote of the entire membership. Article 8. Establishment of Project Area and Adoption of Tentative Plan Sec. 37. Upon submission to it of a tentative redevelopment plan for a project area, the legislative bod.,T may approve same or it may reject the tentative redevelopment Man as hereinafter provided, or refer it back to the agency or the planning commission for further study or revision. Before passing upon the tentative redevelopment Man, the legislative body shall set a time and fix s. glace for a ,,ublic hearing on the adoption of the tentative redevelopment plan. Sec. 38. Notice by said Legislative body of ;uch e-rings shall be rublished not less than onec w weeL for three successive wee'.:s rrior to t1ae date of hearing in, a newspaper of general circulation, printed and published in the coyrfiunity,' or if no such newspaper is printed and published in tre community, then in a newspaper selected by the legislative body. The notice of hearing shall include a legal description of the boundaries of the area or areas designated in the tentative redevelopment plan to be considered and a general statement of the scope and objective of the plan. Sec. 39. At the time set for a hearing the legislative body shall consider the report of the agency and the recomiaendation and report of the planning commission, and shall provide an opportunity for all persons or agencies -10- interested to be heard, and shall receive and consider communications in writing with reference thereto, and shall take such other evidence and testi- mony as may be presented concerning the matters under consideration. At any time prior to the adoption of a tentative redevelopment plan by the legislative body, any person, firm, association or corporation or any public or private agency qualified so to do may present to the legislative body an alternative redevelopment plan for the project area. Sec. 39.1 Any alternative redevelopment plan of a project area sub- mitted to the legislative body which has not already been considered and re- ported on by the agency and the planning commission of the community shall be referred to said agency and planning commission for consideration and report. The agency shall report to the legislative body and make its recommendations on the alternative redevelopment plan within thirty (30) days. The planning commission shall report within thirty (30) days to the legislative body and make its recommendations concerning the alternative redevelopment plan and its conformity to the master or general plan of the community. The hearing on a temtative redevelopment plan submitted by the agency may be postponed or continued from time to time in order to allow time for the agency and the planning commission to report on any alternative plan pre- sented to the legislative body. Sec. 40. The legislative body thereafter shall: (a) Determine whether or not the redevelopment of the project area pur- suant to this act is in the public interest and would tend to effectuate the purposes and policy of this act; (b) Approve or reject the tentative redevelopment plan or any alternative redevelopment plan, or modify either or any of said plans and approve or reject it as modified. Sec. 41. If the legislative body approves a tentative redevelopment plan for a project area, it shall adopt the plan by ordinance adopted by a majority vote of the entire membership whereupon such area shall be established and given a name and number and thereafter referred to as an approved redevelop- ment project area, and all records, or certified copies thereof, in relation to said area shall be consolidated into one file, designated by such name and number, and shall be preserved by the clerk of the legislative body as public records. Such ordinance shall include the following: (a) A legal description of the boundaries of the project area; (b) A statement of findings, based upon surveys, investigations and reports of public agencies, and any other information showing the extent and character of blight, obsolescence and substandard conditions in the area and the injurious and detrimental effects thereof upon the public health, safety and general welfare; (c) The tentative plan for the redevelopment of the project area, showing the principal features of the master plan or general community plan as they apply to the project area. -11- Sec. 42. The legislative body shall transmit to the agency, the planning commission and the building department of the community a copy of any -ordi- nance adopted pursuant to Section 41. Sec. 43. The legislative body shall file with the county recorder of the county in which the project area is situated a description of the land within the project area and a statement that proceedings for the redevelopment of said project area have been instituted under this act. Sec. 4.4. Upon the adoption of a tentative plan for a project area, all subsequent applicants for building permits in such area shall be advised by the building department of the community that the site for which a building permit is sought for the construction of buildings or for other improvements is within a proposed redevelopment project area. Article 9. Cooperation in Undertaking Community Redevelopment Projects Sec. 45. For the purpose of aiding and cooperating in the planning, under- taking, construction or operation of redevelopment projects located within the area in which it is authorized to act, any State public body may upon such terms, with or without consideration, as it may determine: (a) Dedicate, sell, convey or lease any of its property to a redevelop- ment agency; (b) Cause parks, playgrounds, recreational, community, educational, water, sewer or drainage facilities, or any other works which it is otherwise empow- ered to undertake, to be furnished adjacent to or in connection with rede- velopment projects; (c) Furnish, dedicate, close, pave, install, grade, regrade, plan or replan streets, roads, roadways, alleys, sidewalks or other places which it is otherwise empowered to undertake; (d) Plan or replan, zone or rezone any part of such area; make any law- fully authorized- exceptions from building regulations and ordinances; (e) Enter into agreements (which may extend over any period, notwith- standing.any provision or rule of law to the contrary) with the Federal Government respecting action to- be taken by such State public body pursuant to any of the powers granted by this act; (f) Purchase or legally invest in any of the bonds of an agency and exercise all of the rights of any holder of such bonds. Article 9.5. Redevelopment Revolving fund Sec. 45.5. The legislative body of any community, at any time after it has adopted a resolution declaring that there is need for an agency to function in the community, may establish a redevelopment revolving fund to be kept in the treasury of the community. For the purpose of raising moneys to be deposited in such funds, the community may issue and sell its general obli- gation bonds. Any general obligation bonds to be issued by any community pursuant to the provisions of this section shall be authorized and issued -12- in the manner and within the limitations, except as herein otherwise provided, prescribed by the laws of this State or the charter of the community for the issuance and authorization of such bor_ds thereof for public purposes gener- ally. Irrespective of any limitation, by general or special law, as to the amount of such bonds which may be issued, a community may issue such bonds, for the -purposes defined by this section, in excess of such limitation, in such amount as may be authorized by an ordinance submitted to and approved by the voters of such community at any general or special election. Sec. 45.6. Any money in -the redevelopment revolving fund may be expended from time to time, upon resolution of the legislative body, adopted by a majority vote, for the acquisition of real property in any project area or for the clearance, aiding in relocation of site occupants and preparation of any project area for redevelopment, or u.p%n resole t_on of the legislative body adopted by a two-thirds vote; any money in the redevelopment revolving fund may be paid to the agency, upon such terms and conditions as the legis- lative body may prescribe, to be placed in a trust fund to be expended for the acquisition of real property in any project area, or for the clearance of any project area for redevelopment, or for any expenses necessary or in- cidental to the carrying out of a redevelopment plan which has been adopted by the legislative body. Sec. L5.7. No property, real or personal, improved or unimproved, or any interest therein, acquired or constructed in whole or in part with moneys from the redevelopment revolving fund shall be sold at a price or encumbered (whether by mortgage, deed of trust or otherwise) for. an amount which will return to the redevelopment revolving fund less than fifty per cent (501/110) of that part of the cost of such property paid from such fund, except by permission of the voters of the community, as indicated by a majority of the votes cast on the proposition at any ,general or special election. All moneys received by the agency from -the sale, lease or encumbering of property acquired with moneys from the redevelopment revolving fund shall be rede- posited in the fund. Ali_ other provisions of this act that relate to fi- nancing shall be subject to the provisions of this section. Nothing con- tained in this section shall authorize a redevelopment agency to construct any buildings, but such redevelopment agency shall be subject to the limita- tions imposed by the provisions of Section 29 (j) of this act. Sec. L5.8. The legislative body of any community may abolish the redevel- opment revolving fund whenever it shall find that the purposes for which such fund was established have been accomplished. At the time of abolishing such fund, the legislative body shall transfer all moneys. therein to the general obligation bend redemption fund and shall provide that all moneys thereafter to be deposited or redeposited in the redevelopment .revolving fund shall be deposited in such -eneral obligation bond redemption fund. Any surplus existing in such general obligation bond redemption fund after payment of principal and interest shall be transferred to the general fund of the community. Article 10. Redevelopment Plans Sec. 46. Each agency shall prepare or cause to be prepared, or adopt, a- redevelopment plan or plans for each project area and for that purpose may hold hearings and conduct examinations, investigations, and other negotiations. -13- Ulec. 47. Every redevelopment plan shall provide for participation in the redevelopment of property in the project area by the owners of any or all of such property if the owners shall agree to participate in such rede- velopment in conformity with the redevelopment plan adopted by the legisla- tive body for the area. This provision does not prohibit such owners from submitting an alternative plan as provided in this act. Sec. 48. Every redevelopment plan which contemplates participation in the proposed redevelopment by an owner or owners of property in the area, shall contain alternative provisions for redevelopment of such property if the owner or owners shall fail to participate in such redevelopment as agreed. Sec. 49. A redevelopment plan for a project area shall -be based upon the approved tentative plan and shall conform to the master or general community plan insofar as the latter applies to the project area. The agency shall consult with the planning commission of the community in formulating rede- velopment plans. Before the redevelopment plan of each project area is sub- mitted to the legislative body, it shall be submitted to the planning commission for its report and recommendation concerning the redevelopment plan, and concerning its conformity to the master or general community plan adopted by the planning commission or the legislative body. The planning commission shall within thirty days from the date any such redevelopment plan is submitted to it for consideration, make and file its report and recommen- dation thereon with the agency, and should the planning commission recommend against the approval of the redevelopment plan submitted, the legislative body may adopt such plan only upon a two-thirds vote of the entire membership of the legislative body. Should the planning commission recommend approval or fail to make any recommendation within the time mentioned herein, the legislative body may adopt such redevelopment plan by a majority vote of the entire membership. Sec. 50. Every redevelopment plan shall describe the proposed method of financing the redevelopment of the project area in sufficient detail that the legislative body may determine the economic feasibility of the plan. Sec. 51. Every redevelopment plan shall contain provisions showing the amount of open space to be provided, street layout, limitations on type, size, height, number and proposed use of buildings, number of dwelling touts, the property to be devoted to public purposes, and the nature of such purposes, and such other covenants, conditions and restrictions as the legislative body may prescribe. Sec. 52. A redevelopment plan may provide for the acquisition by gift, purchase, lease, or condemnation of a1.1 or any portion of the real property in the project area by the agency. Sec. 53. A redevelopment plan shall provide for the lease or sale by the agency of all real property acquired by it in any project area, except such property as may be conveyed by such agency to the community. Any such lease or sale shall be conditioned on the redevelopment and use of the property in conformity with the redevelopment plan. Sec. 54. A redevelopment plan may provide for the issuance of bonds by the agency and the expenditure of the proceeds from the sale thereof in carrying out the redevelopment plan. _14- Sec. 55. Upon the formulation or adoption of a redevelopment plan, and the submission thereof to the planning commission of the community as provided in Section 49, the agency shall submit it to the legislative body. Article 11. Adoption of redevelopment Plan Sec. 59. The legislative body shall consider the redevelopment plan or plans of a project area submitted by the agency and any alternative plan submitted in accordance with this act and all evidence and testimony for or against the adoption of said plan or plans. Sec. 60. On the question of the adoption of any redevelopment plan the legislative body shall determine whether or not the plan if carried out would redevelop the area in conformity with this act and in the interests of the public peace, health, safety, and welfare. Sec. 61. The legislative body shall also consider whether or not the adoption and carrying out of the redevelopment plan is economically sound and feasible. Sec. 62. If alternative plans are submitted, the legislative body shall give preference to that plan which it deems will best redevelop the project area in conformity with the _purposes and policy of this act and the master or general plan for the community and which requires the least interference with the continued enjoyment of existing property rights consistent with the purposes of this act. Sec. 63. If the legislative body determines that the redevelopment plan f : conforms to the master or general plan of the community, that such plan is economically sound and feasible, and that the carrying out of the plan would promote the public peace, health, safety and welfare of the community and would effectuate the purposes and policy of this act, the legislative body may adopt by ordinance adopted by a majority vote of all the members the plan as the official redevelopment plan for the project area. Sec. 64. If the plan provides .for the expenditure of any money by the community the legislative body shall provide for such expenditure at the time of or in connection with the approval of the plan. Sec. 65. If the plan provides for the opening, closing, widening, or charging the grade of any streets or alleys or any other modification of the street layout in the project area, the legislative body shall declare its intention to institute proceedings therefor at the time of or in connection with the adoption of the plan. Sec. 66. If. the plan provides for the condemnation of any real property, the legislative body shall not adopt the plan unless it contains adequate provisions for payment for property so acquired as provided by law. Sec. 67. If the plan provides for the issuance of bonds or other obli- gations of the agency, the legislative body shall not approve the plan unless it contains adequate provision for the payment of the principal and interest on such bonds as the same may become due and payable. -15- Sec. 68. I£ -.the plan provides for the displacement, whether temporary or permanent, of any occupants of housing facilities in the project area, the legislative body shall not approve the plan, except upon the finding that adequate permanent housing facilities are or will be made available in the community for such displaced occupants at rents comparable to those obtaining in the community at the Mime of their displacement. The legislative bony shall further be satisfied that such permanent housing facilities shall, in any event, be made available within three years from the tirie such occupants will be displaced; and that pending the devel- opment of such permanent housing faciJ_ities_, , there will be available to such displaced. occupants adequate temporary housing facilitiesrat rents comparable to those obtaining in the community at the time of their displacement. If persons of low income (as defined in the Housing Authorities Law) are to be displaced, the legislative body shall, prior to its approval of the redevelopment plan, obtain and consider the recommendations of the Housing Authority, if any, authorized to transact business in the community, with respect to the availability and provision of adequate housing for such persons of low income. Sec. 69. No plan shall be approved unless it contains adequate safeguards that the work of redevelopment will 'be carried out in accordance with the plan and provides for the retention of controls and the establishment of any restrictions or covenants for such periods of tine and under such conditions as in the judgment of the legislative body are necessary to effectuate the purposes of this act, which shaft run with land sold or leased for private - use. The establishment of such controls is hereby declared to constitute a public purpose under the provisions of this act. Sec. 70. The approval of a -redevelopment plan by a legislative body shall be by o.rdinanco. Such ordinance shall; (a) Contain a legal description of the boundaries of the project area covered by the redevelopment plan, (b) Set forth the purposes and intent of the legislative body with respect to the project area, ~a (c) Refer specifically to the determinations required in other sections of this article, (d) Contain by reference to maps, reports, and other information the full details of the approved plan, and (e) Designate the approved plan as the official redevelopment plan of the project area. Upon the filing of such ordinance with the clerk or other appropriate officer of the legislative body, the agency shall be sent a copy thereof, and the responsibility for the carrying out of the plan shall be vested in the agency. Sec. 71. The legislative body may, in its discretion, require; that the agency, before entering into any or certain types of contracts in connection with the redevelopment plan or any portion thereof, shall submit such con- tracts to the legislative body and obtain its approval thereof. -16- Sec. 72. If the redevelopment plan adopted provides for participation in the redevelopment of property in the area by an owner or owners of such property, and if for a period of 30 days after the adoption of such plan, such owner or owners fail or refuse to enter into a binding agreement to carry out such participation in the redevelopment in accordance with such plan, the applicable alternative provisions of the redevelopment plan, pro- vided for in Section 48 of this act shall become effective as the official redevelopment plan of the project area. The legislative body may, at its discretion, extend said 30-day period by not more than 60 days. Sec. 73. After the adoption of the redevelopment plan and after the expiration of -the period provided for in Section 72 of this act, further pro- ceeding which affect the specific area in which owners refused to participate with reference to redevelopment of the project area shall be stayed for a period of 30 days. The time for the commencement of actions to contest the validity of the proceedings prescribed by the foregoing provisions of this act shall be barred upon the expiration of said period of 30 days, and no action thereafter commenced shall raise any question concerning the validity of the proceedings provided for in the foregoing provisions of 'this act, and in all actions cormr.enced after the expiration of said period of 30 days, except as to matters affecting jurisdiction, the validity of the proceedings prescribed by the foregoing provisions of this act shall be conclusively presumed. Upon the expiration of said 30-day stay, the agency shall have the author- ity to execute such plan. Article 12. Eminent Domain Proceedings Sec. 74. The agency shall have the right to acquire all or any part of the real property within the project area by the exercise of the power of eminent domain in accordance with the provisions of the Code of Civil Procedure and other applicable provisions of law. Sec. 75. Property already devoted to a public use may be acquired by the agency by the exercise of the power of eminent domain, except that no property of a State public body may be acquired without its consent. Article 13. Bonds of the Agency Sec. 78. An agency shall have power to issue bonds from time to time in its discretion, for any of its corporate purposes. An agency shall also have power to issue refunding bonds for the purpose of paying or retiring bonds previously issued by it. An agency may issue such types of bonds as it may determine, including bonds on which the y:rincipal and interest are payable: (a) exclusively from the income and revenues of the redevelopment projects financed with the proceeds of such bonds, or with such proceeds together with financial assistance from the State or Federal governments in aid of such projects; (b) exclusively from the income and revenues of cer- tain designated redevelopment projects whether or not they were financed in whole or in part with -the proceeds of such bonds; (c) from its revenues generally; (d) from any contributions or other financial assistance from the State or Federal governments; or (e) by any combination of these methods. Any of such bonds may be additionally secured by a pledge of any revenues or by an encumbrance (whether by mortgage, deed of trust or otherwise) of any redevelopment project, projects or other property of the agency. -17- Neither the members of an agency nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance thereof. The bonds and other obligations of any agency (and such bonds and obligations shall so state on their face) shall not be a debt of the community, the State or any political subdivision thereof and neither the community, nor the State or any political subdivision thereof shall be liable thereon, nor in any event shall such. bonds or obligations be payable out of any funds or properties other than those of said agency. The bonds shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction. Sec. 78.5. For the purposes of this act, no agency shall sell, offer for sale, negotiate for the sale of, or take subscriptions for any bonds of its own issue, to, with or from the public, until it has first applied for and secured from the Commissioner of Corporations 'a permit authorizing it so to do. The application shall be made and the permit issued in accordance with reasonable regulations therefor which the commissioner is hereby authorized to adopt and amend from time to time. The commissioner shall issue the per- mit if he finds that the project is financially sound and that the sale of the bonds would not be unfair, unjust or inequitable to the purchasers°thereof. The provisions of the Corporate Securities Act, to the extent not inconsistent herewith, are incorporated herein, insofar as they relate to applications for permits and the issuance of permits as required by the provisions of this section. Sec. 79. Bonds of an agency shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates, not exceeding four and one-half per cent per annum, be in such denomination or denominations, be in such form, either coupon or registered, carry such conversion or regis- tration privileges, have such rank or priority, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms' of redemption (with or without premium) as such resolution, its trust indenture or mortgage may provide. The bonds may be sold at not less than par, at public sale held after notice published once at least five days prior to such sale in a newspaper of general circulation published in the community, or, if no such newspaper be published in the community, then in a newspaper of general circulation published in the county; provided, however, that such bonds may be sold at not less than par to the Federal Government at private sale without any advertisement. In case any of the members or officers of the agency whose signatures appear on any bonds or coupons shall cease to be such members or officers before the delivery of such bonds, such signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if they had remained in office until such delivery. Any provision of any law to the contrary not- withstanding, any bonds issued pursuant to this act shall be fully negotiable. In any suit, action or proceedings involving the validity or enforceability of any bonds of an agency or the security thereof, any such bond reciting in substance that it has been issued by the agency to aid in financing a -18- redevelopment project shall be conclusively deemed to have been issued for a redevelopment project of such character and said project shall be conclu- sively deemed to have been planned, located and constructed in accordance with the purposes and provisions of this act. Sec. 80. In connection with the issuance of bonds, an agency, in addition to its other powers, shall have power: (a) To pledge all or any part of its gross or net rents, fees, or revenues to which its right then exists or may thereafter come into existence. (b) To encumber (by mortgage, deed of trust or otherwise) all or any part of its real or personal property, then owned or thereafter acquired. (c) To covenant against pledging all or any part of its rents, fees and revenues, or against encumbering all or any part of its real or personal property, to which its right or title then exists or may thereafter- come into existence or against permitting or suffering any lien on such revenues or property; to covenant with respect to limitations on its right to sell, lease or otherwise dispose of any redevelopment project or any part thereof; and to covenant as to what other, or additional debts or obligations may be incurred by it. (d) To covenant as to the bonds to be issued and as to the issuance of such bonds in escrow or otherwise, and as to the use and disposition of the proceeds thereof; to provide for the replacement of lost, destroyed or mutilated bonds, to covenant against extending the time for the payment of its bonds or interest thereon; and to redeem the bonds, and to covenant for their redemption and to provide the terms and conditions thereof. (e) To covenant as to the consideration or rents and fees to be charged in the sale or lease of a redevelopment project or projects, the amount to be raised each year or other period of time by -rents, fees and other revenues, and as to the use and disposition to be made thereof; -to create or to author- ize the creation of special funds for moneys held for redevelopment or other costs, debt service, reserves, or other purposes, and to covenant. as to the use and disposition of the moneys held in such funds. (f) To prescribe the procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated, the amount of bonds the holders of which must consent thereto and the manner in which such consent may be given. (g) To covenant as to the use of any or all of its real or personal property; and to covenant as to the maintenance of its real and personal property, the replacement thereof, the insurance to be carried thereon and the use and disposition of insurance moneys. (h) To covenant as to the rights, liabilities, powers and duties arising upon the breach by it of any covenant, condition, or obligation; and to covenant and prescribe as to events of default and terms and conditions upon which any or all of its bonds or obligations shall become or may be declared due before maturity, and as to the terms and conditions upon which such declaration and its consequences may be waived. -19- (i) To vest in a trustee or trustees or the holders of bonds or any proportion of them the riTlt to enforce the payment of the bonds or any covenants SBCUaing Or ref-Ming to the bonds~ to vest in a tz—astee or trustees the right, in the event of a default by said agency; to take possession of any redevelopment project or p;irt th-ereof, and to collect the rents and revenues arising therefrom and to dispose of such moneys in accordance with the agree- ment of the agency with said tri.tstee; to provide for the powers and duties of a trustee or trustees and to 11m7t the liabilities thereof; and to provide the terms and co?.d:I�.ticn.s upon which the trustee or tray tees or the holders of bonds or any proporticn of them may enforce any covenant or rights securing or relating to the bonds. (j) To exercise all or any part or combination of the powers herein granted; to make covenants other than and in addition to the covenants herein expressly authorized, of like or different character; to make such covenants and to do any and all such .acts and things as may be necessary or convenient or desirable in order to secure its bonds, or, in the discretion of said agency, except as otheryriae provided in this act as will tend to make the bonds more marketable notwl.thstanding that such covenants, acts, or things / may not be enumerated herein. Sec. 81. An obligee of an agency shall have the right in addition to all other rights which may be conferred on such obligee, subject only to any contractual restrictions binding upon such obligee: (a) By mandamus, suit, action or proceeding at law or in equity to compel said agency and the members', officers, agents or employees thereof to perform each and every term, provision, and covenant contained in any contract of said agency with or for the benefit of such obligee, and to require the carrying out of any or all such covenants and agreements of said agency and the fulfillment of all duties imposed upon said agency by this act. (b) By suit, action or proceeding in equity, to enjoin any acts or things which may be tuilawful, or the violation of any of the rights of such obligee of said agency. Sec. 82. An agency shall have power by its resolution, trust indenture, mortgage, lease or otter contract to confer upon any obligee holding or representing a specified amount in bonds, the right (in addition to all rights that may otherwise be conferred) , upon the happening of an event or default as defined in such resolution or instrument, by suit, action or proceeding in any court of competent jurisdiction: (a) To cause possession of any redevelopment project or any part thereof to be surrendered to any such obligee. (b) To obtain the appointment of a receiver of any redevelopment project of said agency or any part -thereof and of the rents and profits therefrom. If such receiver be appointed, he may enter and take possession of such redevelopment project or any part thereof and operate and maintain same, and collect and receive all fees, rents, revenues, or other charges thereafter arising therefrom; and shall keep such moneys in separate account or accounts and apply the saTce in accordance with the obligations of said agency as the court shall direct. -20- (c) To require said agency and the members and employees thereof to account as if it and they were the trustees of an express trust. Sec. 83. The bonds of an agency are declared to be issued for an essential public and governmental purpose, and together with interest thereon and income therefrom shall be exempt from all taxes. Sec. 84. Notwithstanding any restrictions on investments contained in any laws of this State, the State and all public officers, municipal cor- porations, political subdivisions and public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carry- ing on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business and all executors, admin- istrators, guardians, trustees and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging to them or within their con- trol in any bonds or other obligations issued by an agency, as herein defined, and such bonds and other obligations shall be authorized security for all public deposits; it being one of the purposes of this act to authorize any persons, firms, corporations, associations, political subdivisions, bodies and officers, public or private, to use any funds owned or controlled by them, including (but not limited to) sinking, insurance, investment, retirement, compensation, pension and trust funds, and funds held on deposit, for the purchase of any such bonds or other obligations; provided, however, that nothing contained in this act shall be construed as relieving any person, firm, or corporation from any duty of exercising reasonable care in selecting securities. Sec. 84.5. All of the provisions of this article shall be subject to the limitations of Article 9.5 of this act. Article 14. Exemption from Execution Sec. 85. All real property of an agency shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the same nor shall any judgment against an agency be a charge or lien upon its real property; provided, however, that the provisions of this section shall not apply to or limit the right of obligees to fore- close or otherwise enforce any mortgage, deed of trust or other encumbrance of an agency or the right of obligees to pursue any remedies for the enforce- ment of any pledge or lien given by an agency on its rents, fees, or revenues. tirticle 15. Aid from Federal or State Government Sec. 86. In addition to the powers conferred upon an agency by other provisions of this act, an agency is empowered to borrow money or accept financial or other assistance from the Federal or State Governments for or in aid of any redevelopment project within its area of operation, and to such ends comply with any conditions attached thereto. Article 16. Contracts for Work Sec. 87. Any work of grading, clearing, demolition or construction, of a value of more than one thousand five hundred dollars ($1,500) undertaken by the agency shall be done by contract, after competitive bids. Before awarding any contract for such work to be done in a project, the agency shall ascertain -21- r i r .� l Y * 1 the general prevailing rate of per diem wages in the locality in which the work is to be performed, for each craft or type of workman needed to execute the contract or work, and shall specify in the call for bids for the contract and in the contract itself the general prevailing rate of per diem wages and ithe general prevailing rate for regular holiday and overtime work in the locality, for each craft or type of workman needed to execute the contract. The contractor to whom the contract is awarded and any subcontractor under him shall pay not less than the specified prevailing rate of wages to all workmen,V employed in the execution of the contract. The contractor shall as a penalty to the agency who awarded the contract forfeit ten dollars ($10) for each calendar day or portion thereof for each workman paid less than the stipulated prevailing rates for any public work done under the contract by him or by any subcontractor under him and the agency awarding the contract shall cause to be inserted in the contract a stipulation to this effect. Each contractor and subcontractor shall keep an accurate record showing the name, occupation and the actual per diem wages paid to each workman employed by him in connection with the work. The record shall be kept open at all reasonable hours to the inspection of the agency. The said agency shall require the successful bidder or bidders to file with the agency good and sufficient bonds, to be approved by the agency, conditioned upon the faithful performance of the contract and upon the payment of all claims for labor and material in connection therewith, such bonds to contain the terms and conditions set forth in Chapter 3 of Division 5 of Title 1 of the Government Code and to be subject to the provisions of that Chapter. Article 17. Cooperation Between Communities Sec. 88. The territorial jurisdiction of the agency of a county is the unincorporated territory in the county, and that of a city or city and county is the territory within its limits. Sec. 89. Two or more agencies within two or more communities may jointly exercise -the powers granted under this act and in such case the agencies, the planning commissions and the legislative bodies may hold joint hearings and meetings, or the legislative bodies of the communities acting separately may each designate the agency of one of the communities to act as the agency of all of the communities interested. In this event the agency designated shall obtain the report and recommendation of the planning commission of each community on the redevelopment plan and its conformity to the master or gen- eral plan of each community before presenting the tentative redevelopment plan or the redevelopment plan to the respective legislative bodies for adoption. The designated agency and each planning commission shall cooperate in formulating redevelopment plans. The legislative body of any community may by resolution consent to the inclusion of a part of the area under its jurisdiction in a contiguous project area to be developed by another community: Article 18. Severability of Provisions Sec. 90. If any provision of this act, or the application thereof to any person or circumstance, is held inv;�lid, the remainder of the act, or the application of such provision to other persons or circumstances, shall not be affected thereby. -22-