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From time to time, the City may acquire real property for open space purposes. Generally such property is held in perpetuity for said purposes. From time to time, however, it may become appropriate and beneficial to the citizens of Thousand Oaks that property of this nature shall be sold, exchanged, or otherwise disposed for the public benefit.
The purpose of this chapter is to establish procedural requirements which must be met prior to the disposition of open space property owned by the City.
(§ 1, Ord. 1194-NS, eff. December 14, 1993)