§ 55.115. Procedures for acquisition and disposition of Downtown Property.

All property acquired and disposed of by the Authority shall be in accordance with the proposed acquisitions and dispositions in the community redevelopment plan element of the BID Plan and the procedures in Chapter 122, Part 4 (Real Property), Subpart C, Ordinance Code. In addition the Authority may, subject to the procedures in Chapter 122, Part 4 (Real Property), Subpart C, Ordinance Code, control the use, negotiate, lease, sell, dedicate, grant, or otherwise dispose of any of the City's Downtown assets and properties managed by the Authority, or any interest therein, including easements and licenses, with or without consideration. The properties managed the Authority shall be pursuant to the list On File with Legislative Services and maintained and held for review by Legislative Services and the Authority. Notwithstanding any provisions to the contrary in Chapter 122, Ordinance Code, the Authority, with the support of the City's Real Estate Division, may obtain appraisals, title searches, surveys, studies, and other plans and work necessary to prepare for the undertaking of redevelopment projects. The Authority is authorized to develop, test, and report methods and techniques, and carry out demonstrations and other activities, for the prevention and the elimination of slums and blight. The City's Real Estate Division shall be prohibited from disposing or selling of any real property located within Downtown without first obtaining the Authority's approval.

(Ord. 2014-560-E , § 12; Ord. 2016-140-E , § 14)