Examples of Blighted area in a sentence
The New York State General Municipal Law Article 18-C, S-970-c defines "Blighted area" as an area within a municipality in which one or more of the following conditions exist: (i) a predominance of buildings and structures which are deteriorated or unfit or unsafe for use or occupancy; or (ii) a predominance of economically unproductive lands, buildings or structures, the redevelopment of which is needed to prevent further deterioration which would jeopardize the economic well-being of the people.
Following the amendment of the Banking regulation Act (1949) in January 2007, the floor rate of 25% for SLR was removed.
YES/NO If yes, please specify No reasonable offers received Buyers unable to obtain mortgage Survey revealed structural problems Blighted area Other, please state ……………………………………………………………………………………………………….
Blighted area means an area that is in urban use and where more than 50 percent of the buildings are structurally substandard.
Must provide designation of Slum and Blighted area from jurisdiction when contract is signed, and addresses of affected properties.