The Brooklyn Community Improvement Corporation is hereby authorized to sell or lease any lands or interests in lands owned by the City, determined from time to time by City Council that such land is not required for municipal purposes, for use determined by City Council that will promote the welfare of the people of the City, stabilize the economy, provide employment, and assist in the development of industrial, economic, commercial, distribution, research and development, and civic development activities for the benefit of the people of the City and will provide additional opportunities for their gainful employment. City Council shall specify the consideration for such sale or lease and any other terms thereof. Any determinations made by City Council under this section and the laws of the State and City ordinances shall be conclusive. The Brooklyn Community Improvement Corporation, acting on behalf of the City shall execute the necessary instruments, including deeds conveying the title or leases to accomplish such sale or lease of land. Such conveyance or lease may be made without advertising and receipt of bids. A copy of such agreement shall be recorded in the office of the County Recorder prior to the recording of a deed or lease executed pursuant to such agreement.
(Ord. 2008-36. Passed 6-23-08.)