(1) For the purpose of
advancing the development of land in accordance with an improvement plan the
Commission with the approval of the Governor may —
(a)
construct, repair, rehabilitate or improve buildings, works, improvements or
facilities on land acquired or held by it under this Act; and
(b)
return, sell, lease, exchange or otherwise dispose of —
(i)
any buildings, works, improvements or facilities and the
land appurtenant to the buildings, works, improvements or facilities; and
(ii)
any land acquired by the Commission under this Act,
to any person or
public authority upon such terms and conditions as the Commission with the
approval of the Governor thinks fit; and
(c) in
respect of land included in an improvement plan but not acquired or held by it
under this Act, enter into an agreement with any owner of the land relating to
—
(i)
the planning, replanning, design, redesign,
consolidation, resubdivision, clearing, development, reconstruction or
rehabilitation of the land; and
(ii)
the construction, repair, rehabilitation or improvement
of any buildings, works, services, improvements or facilities on the land; and
(iii)
the sale, purchase, exchange, surrender, vesting,
allocation or other disposal of the land, the adjustment or alteration of the
boundaries of the land, the pooling of the lands of several owners, the
adjustment of rights between owners of the land or other persons interested in
the land whether by payments of money or transfers or exchanges of land or
otherwise, the valuation of the land and the provision of land for any public
open space, public work or any other public purpose; and
(iv)
the payment, satisfaction or recovery of costs incurred
in implementing the agreement; and
(v)
such other acts, matters or things as are or may be
necessary to give effect to the improvement plan;
and
(d) do
any act, matter or thing for the purpose of carrying out any agreement entered
into under paragraph (c).
(2) The Commission is
to notify in the Gazette particulars of any return, sale, lease, exchange or
disposal to any person referred to in subsection (1)(b) within one month of
the Governor’s approval.
[Heading inserted: No. 28 of 2010 s. 11.]