County having consolidated city; metropolitan development
commission properties; properties not receiving adequate bid;
negotiations for acquisition for urban homesteading
Sec. 6.5. (a) This section applies to a county having a consolidated
city.
(b) Whenever real property on the list prepared under section 1.5
of this chapter:
(1) is offered for sale under this chapter; and
(2) does not receive a bid for at least the amount required under
section 5 of this chapter;
the auditor shall notify the metropolitan development commission
that the real property has been offered for sale under this chapter and
that an adequate bid has not been received.
(c) The metropolitan development commission shall, within a
reasonable time after receiving notice under subsection (b), identify
any property described under subsection (b) that the metropolitan
development commission desires to acquire for urban homesteading
under IC 36-7-17 or redevelopment purposes under IC 36-7-15.1.
The metropolitan development commission shall then provide the
county auditor with a list of the properties identified under this
subsection.
(d) The county auditor shall execute and deliver a deed for any
property identified under subsection (c) to the metropolitan
development commission, subject to IC 6-1.1-25. Properties
identified under subsection (c) but not acquired by the metropolitan
development commission shall be restored to the delinquent list
prepared under section 1 of this chapter.
(e) The county acquires a lien under section 6 of this chapter for
any property that is:
(1) not identified under subsection (c); and
(2) offered for sale under this chapter for two (2) consecutive
sales.
(f) The metropolitan development commission may not pay for any
property acquired under subsection (d). However, a taxing unit
having an interest in the taxes on the real property shall be credited
with the full amount of the delinquent tax due to that unit.
As added by P.L.87-1987, SEC.7. Amended by P.L.83-1989, SEC.12;
P.L.31-1994, SEC.5; P.L.39-1994, SEC.12; P.L.2-1995, SEC.26.
Last modified: May 28, 2006