12-5606. Acquisition of property.
12-5606
12-5606. Acquisition of property.
(a) Except as provided by subsection (c), the
authority shall have power to acquire by purchase,
lease,
gift or
otherwise all
or any part of real property, property, rights in property, for the purpose of
planning,
development and creation of a riverfront within the metropolitan area as herein
defined.
(b) Except as provided by subsection (c),
the authority shall have power to acquire by purchase, lease, gift or
otherwise any
property and rights useful for its purposes and to sell, lease, transfer or
convey any
property or rights when no longer useful or exchange the same for other
property or
rights which are useful for its purposes.
(c) The authority shall not have the power to take property by eminent
domain.
History: L. 2006, ch. 83, § 6; July 1.