The legislative authority of a municipal corporation may authorize the transfer, lease, or conveyance of any real property in accordance with and for the purposes of a plan adopted by the legislative authority for urban redevelopment or urban renewal upon such lawful terms and conditions and in such manner as are prescribed by the legislative authority, without competitive bidding as required by section 721.03 of the Revised Code.
Ohio Rev. Code Ann. § 721.28
Contracts for urban redevelopment or urban renewal
Applied in 1 court decision — leading case Struewing v. Village of Yellow Springs (2014)
Most recently applied in Struewing v. Village of Yellow Springs (May 2014)
Effective: September 11, 1961; Latest Legislation: Senate Bill 490 - 104th General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.