If all efforts by the Commission to preserve a resource fail, or if it is determined by the City Council that public ownership is most suitable, the City Council, if considered to be 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 Commission. The Commission is responsible for maintaining publicly owned resources using its own funds, if not specifically designated for other purposes, or public funds committed for that use by the City Council. Upon recommendation of the Commission, the city may sell resources acquired under this section with protective easements included in the property transfer documents, if appropriate.
(Prior Code, § 1.522) (Ord. 706, passed 10-17-2005; Ord. 751, passed 7-18-2011)