Rhode Island General Laws 45-56-3. Powers regarding motor vehicle parking
In addition to the powers enumerated in § 45-56-2, the ordinance establishing the downtown center special services district may confer upon the district some or all of the following powers:
(1) To construct, acquire, or obtain a lease-hold interest in a motor vehicle parking facility, within or without the district;
(2) To operate a motor vehicle parking facility, within or without the district;
(3) To lease or sublease to other parties motor vehicle parking facilities; and
(4) To enter into, fund and perform agreements which reduce the cost of motor vehicle parking to residents of the district and to employees of, and those doing business with, businesses located within the district.
History of Section.
P.L. 1998, ch. 135, § 1.
Terms Used In Rhode Island General Laws 45-56-3
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC