Sec. 8. (a) A municipality may acquire the
property required for parking facilities by
gift,
lease, purchase, the exercise of the power of eminent domain, or any combination of these methods. A municipality may also acquire air rights above
real property, for facilities above that property, without also acquiring that property.
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Terms Used In Indiana Code 36-9-11-8
- Contract: A legal written agreement that becomes binding when signed.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Statute: A law passed by a legislature.
(b) The municipal works board may, at any time, obtain an option for the purchase of the land required for parking facilities, or may enter into a contract for the purchase of that land upon the terms and conditions it considers best. However, the options or contracts are subject to the final action of the works board under section 5 of this chapter, and to the condition that the land may be paid for only out of money made available to the board for that purpose under this chapter.
(c) In acquiring property for parking facilities by the exercise of the power of eminent domain, a municipality shall proceed under the statutes governing the exercise of the power of eminent domain by the works board of a municipality of its class, or under any applicable general statute. However, property may not be acquired by a city under this subsection until it is approved as a suitable location for a parking facility by the legislative body.
(d) The works board may use for parking facilities any land that was previously acquired by the municipality and is not needed for other purposes. In a city, however, such an action must be approved by the legislative body.
[Pre-Local Government Recodification Citations: 19-5-11-2 part; 19-5-11-3 part; 19-5-11-5 part; 19-5-11-7 part; 19-5-13-3 part; 19-5-13-6 part; 19-5-13-8.]
As added by Acts 1981, P.L.309, SEC.84.