Default and Remedy Provisions. Option to purchase or repurchase. Back to Top 8. The Norm s Slauson Conundrum a. In the DDA the agency agrees to condemn the property if the developer can t acquire it.
Developer is unsuccessful.
The condemnation is invalid. Selected sections of the California Health and Safety Code. The DDA for the Trizec Hahn project in Hollywood. Drafting or Reviewing a Ground Lease to Make it Mortgageable by Noel Nellis, CEB Real Property Law Reporter, May 1978. 173 Cal.App.3d 1121.