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City lands or property may be acquired. In such event, the resolution of intention shall describe same and state the amount and manner of payment of the compensation. In lieu thereof, the Board may provide in said resolution that the compensation for said lands or property shall be an amount to be fixed by the decision of two or three disinterested competent appraisers to be appointed by the Board.
(Added by Ord. 225-81, App. 5/5/81)
The Board may sell or lease any land or property acquired for parking places or transit purposes which is not needed therefor. Any money received from such sale or lease may be used for the acquisition, construction or improving of other parking places or transit facilities in the parking or transit district. It may also be applied as a credit on any assessments levied for the acquisition of such property, in which case the provisions of Section 250.219 shall apply.
(Added by Ord. 225-81, App. 5/5/81)
When, in its opinion, the public interest and economy will be served thereby, the Board may lease one or more parking places and facilities or transit facilities. In so doing, the Board may restrict or partially restrict their use to owners and tenants of real property in the district and classes or persons designated by such owners or tenants.
(Added by Ord. 225-81, App. 5/5/81)
As an incident to the operation of any parking or transit facility, the Board may devote a portion of the property to uses such as retail stores, bus terminals, gasoline service stations, helicopter landing areas, restaurants or eating places, or any other commercial use, when in its judgment it is convenient or necessary to conduct or permit such use in order to utilize properly the property as a parking or transit facility. Any such incidental use shall be secondary to the primary use as a parking or transit facility, and shall not exceed 25 percent surface area of the property or, in the case of a building, 25 percent of the floor area or of the value of the structure. Rentals received for such purpose shall be deposited in the improvement fund or in the bond interest and redemption fund for said project as the Board shall determine.
(Added by Ord. 225-81, App. 5/5/81)
The Board may fix rentals, fees or other charges for the properties, works and facilities or any parking place. In so doing, it may establish rates, charges or rentals for the owners and tenants of such properties and classes of persons designated by the owners or tenants which differs from and are less than the rates, charges and rentals charged other persons.
(Added by Ord. 225-81, App. 5/5/81)
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