§ 8-5.202. Acquisition, Construction, Leasing and Selling of Facilities.
Latest version.
The City is hereby authorized to acquire, construct, enlarge, remodel, renovate, alter,
improve, furnish, equip and lease as lessee, with the proceeds of bonds, a facility
solely for the purpose of selling or leasing as lessor such facility to such participating
party, and is further authorized to make any contracts for such purposes. The City
is also authorized to contract with such participating party to undertake on behalf
of the City to construct, enlarge, remodel, renovate, alter, improve, furnish and
equip such facility.
The City is authorized to sell or lease, upon such terms and conditions as the City
shall deem proper, to a participating party any facility owned by the City under this
chapter, including a facility conveyed to the City in connection with a financing
authorized by this chapter but not being financed hereunder.
(Added by Ord. 2551-C.S., § 1, effective 11-19-87)
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