12-5806. Same; acquisition of property.
12-5806
12-5806. Same; 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, water rights and riparian rights 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. 2008, ch. 85, § 6; July 1.