Indiana § 36-10-10-11 Lease of land and buildings by city from authority; term; lease before
acquisition and construction

Indiana Statutes

§ 36-10-10-11 — Lease of land and buildings by city from authority; term; lease before acquisition and construction

Indiana·Title 36 LOCAL GOVERNMENT·Art. 10 RECREATION, CULTURE, AND COMMUNITY·Ch. 10 Civic Center Building Authority in South Bend or

(a)A city may lease land and buildings from the authority for civic purposes. A contract of lease on a particular building may not be entered into for a period of more than forty (40) years, but the lease may be renewable for a similar or shorter period of time.

(b)A city may, in anticipation of the construction and erection of a convention center, including the necessary equipment and appurtenances, make and enter into a lease with the authority prior to the actual acquisition of a site and the construction and erection of the convention center. A lease may not provide for the payment of any lease rental by the lessee until the convention center is ready for occupancy. As added by Acts 1982, P.L.218, SEC.4.

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(a) A city may lease land and buildings
from the authority for civic purposes. A contract of lease on a particular
building may not be entered into for a period of more than forty (40)
years, but the lease may be renewable for a similar or shorter period of
time.
(b) A city may, in anticipation of the construction and erection of a
convention center, including the necessary equipment and
appurtenances, make and enter into a lease with the authority prior to
the actual acquisition of a site and the construction and erection of the
convention center. A lease may not provide for the payment of any
lease rental by the lessee until the convention center is ready for
occupancy.
As added by Acts 1982, P.L.218, SEC.4.

Indiana § 36-10-10-11 (Lease of land and buildings by city from authority; term; lease before acquisition and construction) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.