§ 36-9-30-28 — Lease with option to purchase facilities; erection of facility on land owned by unit

A unit that wants to have solid waste
disposal facilities erected on land owned or to be acquired by the unit
may:
(1) sell that land to the lessor; or
(2) lease that land to the lessor for a nominal rental for the same
period of years that the unit leases the facilities, and grant an
option to the lessor to purchase the land within six (6) months
after the termination of the lease of the facilities if the unit
defaults under the terms of the lease and the lease is terminated.
If the option price on the land is not fixed in the original lease, the
circuit court for the county shall appoint three (3) appraisers who reside
in the unit to determine the price to be paid for the land under the
option.
[Pre-Local Government Recodification Citation:
19-2-1-27.]
As added by Acts 1981, P.L.309, SEC.106.