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If all efforts by the Historic District Commission to preserve a resource fail, or if it is determined by the City Commission that public ownership is most suitable, the City Commission, if it is considered to be in the public interest, may acquire the resource using public funds, public or private gifts, grants or proceeds from the issuance of revenue bonds. The acquisition shall be based upon the recommendation of the Historic District Commission. The Historic District Commission shall be responsible for maintaining publicly-owned resources using its own funds, if not specifically designated for other purposes, or public funds permitted for that use by the City Commission. Upon recommendation of the Historic District Commission, the City may sell resources acquired under this section with protective easements included in the property transfer documents, if appropriate.
(Ord. 14-97. Passed 8-5-97.)