§ 36-9-11-13 — Leases; procedure; approval by legislative body

(a) A rental or lease contract under this
section is effective only if it is approved by ordinance or resolution of
the municipal legislative body.
(b) The municipal works board may lease or rent to others for
operation any parking facility or property acquired for parking
purposes, after first adopting a resolution setting out its intention to do
so. The resolution must specify the term of the lease, permissible
parking charges, manner of operation, and other requirements having
a bearing on the value of the proposed lease.
(c) A lease under this section may also require the lessee to:
(1) clear, grade, and pave land;
(2) erect and equip structures; and
(3) remodel, extend, repair, and improve structures;
for parking purposes. Work to be performed by the lessee under this
section must be described in the resolution under subsection (b).
(d) Notice of the resolution must be given by publication in
accordance with IC 5-3-1. The notice must set forth:
(1) the time and place at which offers will be received and
considered;
(2) the location, size, and capacity of the real property;
(3) a description of any work to be performed by the lessee under
subsection (c);
(4) the specifications adopted governing the leasing; and
(5) the other information required to secure free and open
competition in the offers.
(e) The lease shall be awarded to the bidder offering the most
advantageous terms in the judgment of the works board, giving due
consideration to the experience and financial responsibility of the
bidder. The works board may reject any offers.
[Pre-Local Government Recodification Citations: 19-5-11-7
part; 19-5-13-9 part.]
As added by Acts 1981, P.L.309, SEC.84. Amended by Acts
1981, P.L.45, SEC.44.