Indiana Code 36-1-11-3.2. Approval of sale, lease, or transfer of real property in certain cities

Sec. 3.2. (a) This section applies to the following cities:

(1) A city having a population of more than sixty-nine thousand (69,000) and less than sixty-nine thousand five hundred (69,500).

Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
Population: has the meaning set forth in Ind. See Indiana Code 1-1-4-5
Property: includes personal and real property. See Indiana Code 1-1-4-5
real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

(2) A city having a population of more than twenty-six thousand (26,000) and less than twenty-eight thousand (28,000).

(3) A city having a population of more than seventy-five thousand (75,000) and less than seventy-nine thousand (79,000).

(b) Notwithstanding section 3(c) of this chapter, the fiscal body of a city must approve:

(1) every sale of real property having an appraised value of ten thousand dollars ($10,000) or more;

(2) every lease of real property for which the total annual rental payments will be five thousand dollars ($5,000) or more; and

(3) every transfer of real property under section 14 or 15 of this chapter.

As added by P.L.124-1998, SEC.12. Amended by P.L.170-2002, SEC.138; P.L.119-2012, SEC.177; P.L.104-2022, SEC.142.