§ 126 — Condemnation of excess property

§ 126. Condemnation of excess property. A municipality or an\nauthority may take private property by condemnation for the purpose of\nproviding low rent housing for families of low income, or for the\nclearance, replanning, reconstruction and rehabilitation of areas, or\nfor both of such purposes, and for recreational and other facilities\nincidental or appurtenant thereto, but in excess of that required for\npublic use after such purposes shall have been accomplished. An\nauthority or municipality may improve and utilize such excess property\nwholly or partly for any other public purpose, or may lease or sell such\nexcess property with restrictions to preserve and protect the project or\nprojects. Proceedings to acquire such excess property may be brought by\nthe authority or municipality in the same manner as for the real\nproperty required for the project and may be included in the proceedings\nfor the acquisition of real property required for the project.\n