Page:United States Statutes at Large Volume 74.djvu/912

 872 Priority to l e a s e.

60 Stat. 797; 72 Stat. 1103.

Notification to owners.

R e v e r s i o n provision.

68 Stat. 620. 42 USC 1450 et

47 Stat. 162. Transfer of title for municipal purposes. Restriction.

Grant-in-aid restriction.

68 Stat. 620. 42 USC 1450 et seq.

60 Stat. 791.

PUBLIC LAW 8 6 - 7 3 6 - S E P T. 8, 1960

[74

ST A T.

the enactment of the joint resolution approved August 28, 1958 (72 Stat. 983; Public Law 85-821), from the area described in the first section of this Act, a priority of opportunity to lease, either individually or as a redevelopment company solely owned by the owner or owners of one or more such business concerns, so much of such real property lying channelward of the southerly or westerly line of Maine Avenue as so relocated, at a rental based on the use-value of the real property so leased determined in accordance with the provisions of section 10 of the District of Columbia Eedevelopment Act of 1945, as amended (D.C. Code, sec. 5-709), and section 110(c)(4) of the Housing Act of 1949, as amended (70 Stat. 1098; 42 U.S.C. 1460(c)(4)), as may be required for the construction of commercial facilities at least substantially equal to the facilities from which such business concern was so displaced. When the real property affected by the provisions of this subsection becomes available for leasing by the Agency, the Agency shall notify, in writing, the owners of the business concerns displaced by reason of the operation of such joint resolution approved August 28, 1958, as to the availability of such real property for leasing to such owners in accordance with the provisions of this subsection. The Agency shall give such owners so notified a period of one hundred and eighty days to notify the Agency, in writing, of their intention to proceed in accordance with the general development plan of the Agency for the area lying channelward of Maine Avenue, as so relocated, and to demonstrate to the Agency their ability to carry out so much of such plan as may be embraced within the area which they desire to lease. If at the end of such period of one hundred and eighty days, such owners have failed to make a demonstration to that effect which is satisfactory to the Agency, the priority of opportunity provided by this subsection shall no longer continue to be available to such owners. SEC. 5. Notwithstanding the preceding provisions of this Act, if any of the real property transferred to the Agency under the authority of this Act is not leased by the Agency in accordance with an urban renewal plan approved by the Commissioners, or otherwise disposed of, on or before the date the Housing and Home Finance Administrator makes the final Federal capital grant payment to the Agency for the project pursuant to title I of the Housing Act of 1949, as amended, then the ri^ht, title, and interest in and to so much of the said real property as is not so leased or otherwise disposed of by such date shall revert to the United States, subject to the exclusive control and jurisdiction of the Commissioners of the District of Columbia, and subject to the provisions of the Act approved May 20, 1932 (47 Stat. 161; secs. 8-115 and 8-116, D.C. Code, 1951 edition). SEC. 6. Nothing herein contained shall be construed as requiring the said Commissioners to transfer the right, title, and interest in and to so much of the property described in the first section of this Act as the Commissioners may determine, in their discretion, is required for municipal purposes or is to continue to be owned by the United States under the jurisdiction of the Commissioners, for the benefit of the District of Columbia. SEC. 7. No transfer or donation of any interest in real projjerty under the authority of this Act shall constitute a local grant-in-aid in connection with any urban renewal project being undertaken with Federal assistance under title I of the Housing Act of 1949, as amended. SEC. 8. As used in this Act, the terms "Agency", "lessee", "real property", "redevelopment", and "redevelopment companj^" shall have the respective meanings provided for such terms by section 3 of the District of Columbia Redevelopment Act of 1945, as amended (D.C. Code, sec. 5-702). Approved September 8, 1960.

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