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36-1-11-3.2. Approval of sale, lease, or transfer of real property in certain cities

IN Code § 36-1-11-3.2 (2019) (N/A)
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Sec. 3.2. (a) This section applies to a city having a population of:

(1) more than eighty thousand (80,000) but less than eighty thousand four hundred (80,400);

(2) more than twenty-nine thousand six hundred (29,600) but less than twenty-nine thousand nine hundred (29,900); or

(3) more than eighty thousand five hundred (80,500) but less than one hundred thousand (100,000).

(b) Notwithstanding section 3(c) of this chapter, the fiscal body of a city must approve:

(1) every sale of real property having an appraised value of ten thousand dollars ($10,000) or more;

(2) every lease of real property for which the total annual rental payments will be five thousand dollars ($5,000) or more; and

(3) every transfer of real property under section 14 or 15 of this chapter.

As added by P.L.124-1998, SEC.12. Amended by P.L.170-2002, SEC.138; P.L.119-2012, SEC.177.

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36-1-11-3.1. Sale of residential real property; disapproval
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36-1-11-4. Sale or transfer of real property; procedure