The Parma Community Improvement Corporation is hereby authorized to sell or lease any lands or interests in lands owned by the City whenever Council determines that such land is not required for Municipal purposes, for a use that Council determines will promote the welfare of the people of the City, stabilize the economy, provide employment, assist in the development of industrial, commercial, distribution and research activities for the benefit of the people of the City and provide additional opportunities for their gainful employment. City Council shall specify the consideration for such sale or lease and any other terms thereof. Any determination made by City Council under this section, the laws of the State and the ordinances of the City shall be conclusive. The Parma Community Improvement Corporation, acting through its officers and on behalf and as an agent of the City, shall execute the necessary instruments, including deeds conveying the title or lease, to accomplish such sale or lease of land. Such conveyance or lease may be made without advertising and the 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. 265-96. Passed 9-23-96.)