Indiana § 36-7-30.5-20 Purchase of property

Indiana Statutes

§ 36-7-30.5-20 — Purchase of property

Indiana § 36-7-30.5-20

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 30.5Development of Multicounty Federal Military Bases

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Bluebook

Ind. Code § 36-7-30.5-20 (2026).

Text

(a)If:

(1)an appeal is not taken; or

(2)an appeal is taken but is unsuccessful; the development authority shall proceed with the plan to the extent that money is available for that purpose.

(b)Negotiations for the purchase of property may be carried on directly by the development authority, by its employees, or by expert negotiators. However, an option, a contract, or an understanding relative to the purchase of real property is not binding on the development authority until approved and accepted by the development authority in writing. Payment for the property purchased shall be made when and as directed by the development authority but only on delivery of proper instruments conveying the title or interest of the owner to the development authority or its designee.

(c)The acquisition

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(a) If:
(1) an appeal is not taken; or
(2) an appeal is taken but is unsuccessful;
the development authority shall proceed with the plan to the extent that
money is available for that purpose.
(b) Negotiations for the purchase of property may be carried on
directly by the development authority, by its employees, or by expert
negotiators. However, an option, a contract, or an understanding
relative to the purchase of real property is not binding on the
development authority until approved and accepted by the development
authority in writing. Payment for the property purchased shall be made
when and as directed by the development authority but only on delivery
of proper instruments conveying the title or interest of the owner to the
development authority or its designee.
(c) The acquisition of real and personal property by the development
authority under this chapter is not subject to the provisions of IC 5-22,
IC 36-1-10.5, or any other statutes governing the purchase of property
by public bodies or their agencies.