Indiana § 36-9-11.1-9 Options or contracts for land; previously acquired property

Indiana Statutes

§ 36-9-11.1-9 — Options or contracts for land; previously acquired property

Indiana § 36-9-11.1-9

Title 36LOCAL GOVERNMENT

Art. 9TRANSPORTATION AND PUBLIC WORKS

Ch. 11.1Parking Facilities in Marion County

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Bluebook

Ind. Code § 36-9-11.1-9 (2026).

Text

(a)The board may obtain at any time from the owner or owners of the land required for the project or projects an option for its purchase, or may enter into a contract for its purchase upon such terms and conditions as the board considers best. However, the options or contracts are subject to the final action of the board on the declaratory resolution, and subject to the condition that the property shall be paid for only out of funds made available to the board for that purpose.

(b)Subject to approval of the executive of the consolidated city, the board may use and improve for parking facilities any property previously acquired by the city and not needed for other purposes. As added by Acts 1982, P.L.77, SEC.13.

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(a) The board may obtain at any time from
the owner or owners of the land required for the project or projects an
option for its purchase, or may enter into a contract for its purchase
upon such terms and conditions as the board considers best. However,
the options or contracts are subject to the final action of the board on
the declaratory resolution, and subject to the condition that the property
shall be paid for only out of funds made available to the board for that
purpose.
(b) Subject to approval of the executive of the consolidated city, the
board may use and improve for parking facilities any property
previously acquired by the city and not needed for other purposes.
As added by Acts 1982, P.L.77, SEC.13.