2023 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.