§ 219 — Sale or lease of real property by a city to a redevelopment corporation

§ 219. Sale or lease of real property by a city to a redevelopment\ncorporation. 1. The local legislative body, or if there is a board of\nestimate in the city, then the board of estimate, may by resolution\ndetermine that real property, title to which is held by the city,\nspecified and described in such resolution, is not required for use by\nthe city and may authorize the city to sell or lease such real property\nto a redevelopment corporation; provided, however, that the title of the\ncity to such real property be not declared inalienable by charter of the\ncity, or other similar law or instrument.\n 2. Notwithstanding the provisions of any general, special or local law\nor ordinance, such sale or lease may be made without appraisal, public\nnotice or public bidding for such price or rental and upon such terms\n(and, in case of a lease, for such term not exceeding fifty years with a\nright to one renewal term of thirty years) as may be agreed upon between\nthe city and the redevelopment corporation.\n 3. Before any sale or lease to a redevelopment corporation shall be\nauthorized, a public hearing shall be held by the local legislative\nbody, or by the board of estimate, as the case may be, to consider the\nproposed sale or lease.\n 4. Notice of such hearing shall be published at least ten days before\nthe date set for the hearing in such publication and in such manner as\nmay be designated by the local legislative body, or the board of\nestimate, as the case may be.\n 5. The deed or lease of such real property shall be executed in the\nsame manner as a deed or lease by the city of other real property owned\nby it and may contain appropriate conditions and provisions to enable\nthe city to reenter the real property in the event of a violation by the\nredevelopment corporation of any of the provisions of this article\nrelating to such redevelopment corporation or of the conditions or\nprovisions of such deed or lease.\n 6. A redevelopment corporation purchasing or leasing real property\nfrom a city shall not, without the written approval of the city, use\nsuch real property for any purpose except in connection with its\ndevelopment. The deed shall contain a condition that the redevelopment\ncorporation will devote the real property granted only for the purposes\nof its development subject to the restrictions of this article, for\nbreach of which the city shall have the right to reenter and repossess\nitself of the real property.\n