Sec. 379C.0107. REPLATTING BY QUALIFIED PARTICIPATING DEVELOPER. The land bank may sell two adjacent properties that are owned by the land bank to a qualified participating developer if:
(1) at least one of the properties is appropriate for residential development; and
(2) the developer agrees to replat the two adjacent properties as one property that is appropriate for residential development.
Added by Acts 2009, 81st Leg., R.S., Ch. 1297 (H.B. 2344), Sec. 6, eff. June 19, 2009.
Structure Texas Statutes
Title 12 - Planning and Development
Subtitle A - Municipal Planning and Development
Chapter 379C - Urban Land Bank Demonstration Program
Section 379C.002. Applicability
Section 379C.004. Urban Land Bank Demonstration Program
Section 379C.005. Qualified Participating Developer
Section 379C.006. Urban Land Bank Demonstration Plan
Section 379C.007. Public Hearing on Proposed Plan
Section 379C.008. Private Sale to Land Bank
Section 379C.009. Subsequent Resale by Land Bank
Section 379C.010. Restrictions on Occupancy and Use of Property
Section 379C.0105. Lot Exchange Permitted
Section 379C.0107. Replatting by Qualified Participating Developer
Section 379C.011. Right of First Refusal to Qualified Organizations
Section 379C.012. Open Records and Meetings
Section 379C.013. Records; Audit; Report
Section 379C.014. Additional Authorized Use of Land Bank Property