Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1962-07-05
Urban Renewal Program
Questions and answers

This is the second of too instruments listing question
and dnscers connection tcth RockUe's ambitious W
ban rerelCdl program. The first nsaDent last iceeI
The Editor.
ect how much win property owner be paid for his
property
The City pay market price, each property
Property viii be appraised by at least two qualified and
impartial real estate appraisers early in 1863
What is meant by the "fair market price?
This is a used by those who in the
buying and selling of property Fair market price" is
price which could reasonably be expected to be agreed
upon between willing buyer and willing seller in the
open market after reasonable period of negotiation.
Can property remodel sell property in the
deiy while the urban renewal plan is being prepared?
Yes During the period while the Urban Renewal Plan is
being prepared Program place
tons ernodeling buying selling property However,
It is strongly advised that you discuss any plans for
modelling your building with the Ctys Department Of
Planning and Urban Renewal before proceeding 1t also
advised that you keep your property in good order
WIN people living In the urban renewal be given
assistance in finding places to live?
Yes State and Federal laws require that the City assist
In relocating individual living in the Urban Renewal
he wishes help General information concerning
relocation problems is available from the City's Depart
men Of Planning and Urban Renewal The citizens serving
the Relocation Committee of the Urban Renewal Ad
vsory Council will assist in developing relocation proceed
and will assist In helping solve relocation problems.
What financial assistance viii be given to those who
have to result of the urban renewal program?
Each business and family win be given financial assistance
moving expenses will be developed and will be discuss
ed with each individual before any required
Who is going to build the structures in the project
after land Is cleared?
When the land cleared will be sold private redeve
opers possible These purchasers Of the land
win be required to enter into binding agreements with the
City requiring them to construct buildings in accordance
with the Urban Renewal Plan adopted by the City Council
after public hearing.
May business be carried during the periods Of
construction and remodelng?
Yes Every effort will be made to keep interference with
normal business routine to minimum.
In fact the City is going to develop Urban Renewal
Plan for the Area that viii make possible to acquire and
redeveop property In stages In this way many of the
businesses continue to operate except for the time
qured for moving
VIII present businessmen be able to continue to do bus
ness In the after It its redeveloped?
II Is hoped that many of the businessmen in the
will want TO continue to do business in the MidCity Area
when the Project is completed One of the for
embarlking this Project stems from desire by many
citizens to develop that will be the pride of Rock
vile and at the time be able to benefit from the
increasing potential market that will continue develop
in the coming years.
viii the people doing business in the urban renewal
be given assistance in finding buildings in which
they continue their business?
The City Department of Planning and Urban Renewal
will work closely with each businessman to help him solve
his.reocaton problems