Nevada Revised Statutes 268.755 – Acquisition of real property
To carry out a community development program, a city may acquire real property, including air or water rights or other interests in the real property, by purchase, lease, donation or otherwise, where the real property is:
Terms Used In Nevada Revised Statutes 268.755
- 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
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
1. Blighted, deteriorated, deteriorating, undeveloped or inappropriately developed, from the standpoint of sound community development and growth, as determined by state and local laws;
2. Appropriate for:
(a) Rehabilitation or conservation activities;
(b) Preservation or restoration of historic sites;
(c) Beautification of urban land;
(d) Conservation of open spaces, natural resources, scenic spaces or areas;
(e) Creation of recreational opportunities; or
(f) Guidance of urban development; and
3. To be used for public works, facilities, improvements or other public purposes, including the conversion of land to other uses if necessary or appropriate under the community development program.