Indiana Code 36-7-15.5-22. Powers and duties of commission
(b) The commission may, with respect to the improvement and maintenance project or the improvement and maintenance district, do the following:
Terms Used In Indiana Code 36-7-15.5-22
- commission: refers to the metropolitan development commission acting as the redevelopment commission of the city, subject to IC 36-3-4-23. See Indiana Code 36-7-15.5-2
- Deed: The legal instrument used to transfer title in real property from one person to another.
- improvement and maintenance project: refers to activities that are authorized by section 5 of this chapter to be carried out within or in support of an improvement and maintenance district. See Indiana Code 36-7-15.5-4
- 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
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(2) Adopt administrative procedures and bylaws.
(3) Approve the acquisition of property (real, personal, or mixed) by deed, purchase, lease, condemnation, or otherwise and dispose of it for improvement and maintenance project purposes.
(4) Approve receipt of gifts, donations, bequests, and public trusts, agree to conditions and terms accompanying them, and bind the district to carry them out.
(5) Negotiate and execute contracts required to accomplish the purposes of this chapter.
(6) Approve disbursements from the fund.
(c) The commission may, by resolution, delegate to a city official the authority to approve, where the amount involved is less than five thousand dollars ($5,000), acquisition or disposition of property, disbursements, and contracts.
As added by P.L.194-1988, SEC.1. Amended by P.L.2-1989, SEC.47.