NY Gen Mun L § 970-F (2021)
2021 New York Laws GMU - General Municipal Article 18-C - Municipal Redevelopment Law 970-F - Redevelopment Plan.

§  970-f.  Redevelopment plan. If the legislative body, by resolution, approves a preliminary plan  it  shall  provide  for  preparation  of  a redevelopment plan for each project area.   Each such redevelopment plan:  (a) shall contain a legal description of the boundaries of the project area and shall be based upon the preliminary plan;  (b) shall show by diagram and in general terms:  (i)  the  approximate  amount  of open space to be provided and street layout;  (ii) limitations on type, size, height, number  and  proposed  use  of buildings;  (iii) the approximate number of dwelling units; and  (iv)  the  property to be devoted to public purposes and the nature of such purposes;  (c) shall contain a neighborhood impact statement, which describes the physical, social and  economic  conditions  existing  in  the  area  and describes  the  impact  of the project upon the residents of the project area  and  the  surrounding  areas,  in  terms  of  relocation,  traffic circulation, environmental quality, availability of community facilities and  services,  effect  on  school  population and quality of education, property assessments and taxes, and other matters affecting the physical and social quality of the neighborhood;  (d) shall describe the proposed method of financing the  redevelopment of  the  project  area  in  detail  sufficient to determine the economic feasibility of the plan;  (e) shall provide for the municipality  to  lease  or  sell  all  real property acquired by it in any project area, except property retained by the  municipality  for  public purposes as provided by the redevelopment plan;  (f) shall contain adequate safeguards that the work  of  redevelopment will  be  carried out pursuant to the plan and provide for the retention of controls and the establishment  of  any  restrictions  or  convenants running  with  land  sold  or leased for private use for such periods of time and under such conditions as the legislative body  deems  necessary to effectuate the purposes of this article;  (g)  shall contain other covenants, conditions, and restrictions which the legislative body prescribes;  (h) may provide for participation in the redevelopment of property  in the  project  area  by the owners of all or part of such property if the owners agree to participate in the redevelopment in conformity with  the redevelopment  plan  adopted  by the legislative body for the area. Such plan may extend reasonable preference to  persons  who  are  engaged  in business  in  the  project  area  to  reenter  in  business  within  the redeveloped area if they otherwise meet the requirements  prescribed  by the  redevelopment  plan.  Every  redevelopment  plan which contemplates property owner participation in the redevelopment of  the  project  area shall  contain  alternative provisions for redevelopment of the property if the owners fail to participate in the redevelopment as agreed;  (i) may provide for the issuance of bonds by the municipality and  for the   use   of  the  proceeds  from  their  sale  in  carrying  out  the redevelopment  plan.  If  such  an  issuance  is   provided   for,   the redevelopment plan shall also contain adequate provision for the payment of principal and interest when they become due and payable;  (j)  may  provide  for  the municipality to acquire by gift, purchase, lease, or condemnation all or part of the real property in  the  project area;  (k)  may  provide for the expenditure of money by the municipality and for the municipality to undertake and complete any proceedings necessary to carry out the project;  (l)  shall  provide  a  limitation on the amount of bonds which may be issued pursuant to section nine hundred seventy-o of  this  article  for the purpose of carrying out or administering the redevelopment plan;  (m)  may  provide  in any year during which the municipality owns real property in a redevelopment project for the payment to any city, county, town, village or district for whose benefit a tax would have been levied upon such property had it not been exempt, an amount of money in lieu of taxes;  (n) shall provide a plan for the relocation of families and persons to be temporarily or permanently displaced from housing facilities  in  the project area, which plan shall include the provision required by section nine  hundred  seventy-j of this article that no person or family of low and moderate income  shall  be  displaced  unless  and  until  there  is suitable  housing  available  and  ready for occupancy by such displaced person or family at rents comparable to those paid at the time of  their displacement;  (o) shall also provide for the review of such preliminary plans by the board  of education of any school district in the project area for which the municipality seeks to incorporate the real property taxes levied  by such  school district pursuant to section nine hundred seventy-p of this article.