18-2117.03. Redevelopment project; inclusion of certain costs.

122 words·~1 min read·/ne/chapter-18/18-2117-03

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)A redevelopment project that includes the division of taxes as provided in section 18-2147 shall not provide for the reimbursement of costs incurred prior to approval of the redevelopment project, except for costs relating to:

(a)The preparation of materials and applications related to the redevelopment project;

(b)The preparation of a cost-benefit analysis conducted pursuant to section 18-2113 ;

(c)The preparation of a redevelopment contract;

(d)The preparation of bond and other financing instruments;

(e)Land acquisition and related due diligence activities, including, but not limited to, surveys and environmental studies; and

(f)Site demolition and preparation.

(2)This section shall not be construed to require the reimbursement of legal fees incurred prior to approval of the redevelopment project.