(A) The Mayor or his or her authorized designee, with the advice of legal counsel, will negotiate the terms and conditions of the disposal, transfer, or grant of real estate to the Kokomo Community Development Corporation (“the Kokomo CDC”).
(B) The Mayor or his or her authorized designee is hereby authorized and directed to execute, and the City Clerk is hereby authorized and directed to attest if necessary, agreements and any related real estate documents that will allow real estate to be disposed of or granted to the Kokomo CDC in accordance with this section and to execute and attest, respectively, all such documents, instruments, certificates and closing papers and do all such acts as they, upon advice of counsel, determine necessary or desirable to carry out the intent or terms of this section or to take any other action necessary or desirable to carry out the purposes and intent of this section.
(Ord. 6808, passed 9-14-15)