§ 217. Temporary use or occupation of real property taken by
acquisition. When title to real property has vested in a redevelopment
corporation or city by gift, grant, devise, purchase or in acquisition
proceedings or otherwise, the redevelopment corporation or city, as the
case may be, may in accordance with the provisions of the eminent domain
procedure law agree with the previous owners of such property, or any
tenants continuing to occupy or use it, or any other persons who may
occupy or use or seek to occupy or use such property, that such former
owner, tenant or other persons may occupy or use such property upon the
payment of a fixed sum of money for a definite term or upon the payment
periodically of an agreed sum of money.

In the event that a city has acquired real property for a
redevelopment corporation, the city shall, in transferring title to the
redevelopment corporation, deduct from the consideration or other moneys
which the redevelopment corporation has become obligated to pay to the
city for such purpose, and credit the redevelopment corporation with,
the amounts received by the city as payment for temporary occupation and
use of the real property by a former owner, tenant, or other person, as
in this section two hundred seventeen provided, less the cost and
expense incurred by the city for the maintenance and operation of such
real property.