The Community Improvement Corporation is hereby authorized to sell or lease any lands or interests in lands owned by the political subdivision determined from time to time by the legislative authority thereof not to be required by such political subdivision for its purposes, for uses determined by the legislative authority as those that will promote the welfare of the people of the political subdivision, stabilize the economy provide employment and assist in the in the development of industrial, commercial, distribution and research activities to the benefit of the people of the political subdivision and will provide additional opportunities for their gainful employment. The legislative authority shall specify the consideration for such sale or lease and any other terms thereof. Any determinations made by the legislative authority under this section shall be conclusive. The Corporation acting through its officers and on behalf and as agent of the political sub-division, shall execute the necessary instruments, including deeds conveying the title of the political subdivision or leases, to accomplish such sale or lease. Such conveyance or lease shall be made without advertising and receipt of bids. A copy of such agreement shall be recorded in the office of the county recorder of any county in which lands or interests in lands to be so sold or leased are situated prior to the recording of a deed or lease executed pursuant to such agreement. The county recorder shall charge the same fee for the recording, indexing or making of a certified copy thereof as provided in Ohio R.C. 317.32(A).
(Ord. 721. Passed 6-5-67.)