The city council of a city of the metropolitan class shall make all necessary rules and regulations governing the use, operation, and control of facilities authorized by sections 14-1731 to 14-1740. In the exercise of the grant of power set forth in sections 14-1731 to 14-1740, the city of the metropolitan class shall make contracts with others, if such contracts are necessary and needed for the payment of the revenue bonds authorized in sections 14-1731 to 14-1740 and for the successful operation of the parking facilities. If the city is unable to secure a reasonable lease with another party for operation of the facility, the city may operate the facility itself. The city council may also make any other agreements with the purchasers of the bonds for the security of the city and the purchasers of such bonds not in contravention with sections 14-1731 to 14-1740.

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Terms Used In Nebraska Statutes 14-1735

  • 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