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This entry was published on 2014-09-22
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SECTION 14
Acquisition of real property from a municipality or an urban renewal agency
Urban Development Corporation Act 174/68 (UDA) CHAPTER INTRO
§ 14. Acquisition of real property from a municipality or an urban
renewal agency. (1) Notwithstanding anything to the contrary contained
in article fifteen or article fifteen-A of the general municipal law or
in any general, special or local law applicable to the sale of real
property by a municipality or an urban renewal agency, a municipality or
an urban renewal agency may, in addition to employing any other lawful
method of utilizing or disposing of any real property and appurtenances
thereto or any interest therein owned by such municipality or urban
renewal agency or acquired by such municipality or urban renewal agency
pursuant to article fifteen of article fifteen-A of the general
municipal law, sell, lease for a term not exceeding ninety-nine years,
or otherwise dispose of any such real property and appurtenances thereto
or any interest therein to the corporation for the effectuation of any
of the purposes of an urban renewal program, without public auction, or
sealed bids or public notice.

(2) Notwithstanding the provisions of any general, special or local
law or charter, any municipality, by resolution of its local governing
body, is hereby empowered without referendum, public auction, sealed
bids or public notice, to sell, lease for a term not exceeding
ninety-nine years, grant or convey to the corporation any real property
owned by it which the corporation shall certify to be necessary or
convenient for its corporate purposes. Any such sale, lease, grant or
conveyance shall be made with or without consideration and upon such
terms and conditions as may be agreed upon by such municipality and the
corporation. Certification shall be evidenced by a formal request from
the president of the corporation. Before any such sale, lease, grant or
conveyance may be made to the corporation, a public hearing shall be
held by the local governing body to consider the same. Notice of such
hearing shall be published at least ten days before the date set for the
hearing in such publication and in such manner as may be designated by
the local governing body.