Indiana § 21-17-6-7 Implementation of redevelopment plan; qualified entity powers

Indiana Statutes

§ 21-17-6-7 — Implementation of redevelopment plan; qualified entity powers

Indiana·Title 21 HIGHER EDUCATION·Art. 17 POSTSECONDARY PROPRIETARY·Ch. 6 Participation in Urban Renewal

To implement an approved redevelopment plan, qualified entities may:

(1)acquire by purchase, gift, grant, condemnation, or lease any real estate, interests in real estate, or personal property within the project area or needed for the redevelopment of the project area;

(2)clear or contract for the clearance of all real estate acquired for redevelopment purposes;

(3)repair and maintain existing structures to be included in the redevelopment plan;

(4)erect new structures or make major structural improvements on existing buildings; and

(5)sell, lease, or grant parts of the land acquired for redevelopment purposes to the municipality or other governmental agency for street, boulevard, levee, sewerage, park, playground, school, and other public purposes:

(A)on terms and conditions; and (B

Free access — add to your briefcase to read the full text and ask questions with AI

To implement an approved redevelopment
plan, qualified entities may:
(1) acquire by purchase, gift, grant, condemnation, or lease any
real estate, interests in real estate, or personal property within the
project area or needed for the redevelopment of the project area;
(2) clear or contract for the clearance of all real estate acquired
for redevelopment purposes;
(3) repair and maintain existing structures to be included in the
redevelopment plan;
(4) erect new structures or make major structural improvements
on existing buildings; and
(5) sell, lease, or grant parts of the land acquired for
redevelopment purposes to the municipality or other
governmental agency for street, boulevard, levee, sewerage, park,
playground, school, and other public purposes:
(A) on terms and conditions; and
(B) with or without compensation;
as agreed upon.
[Pre-2007 Higher Education Recodification Citation:
20-12-15-4.]

Indiana § 21-17-6-7 (Implementation of redevelopment plan; qualified entity powers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.