Michigan Compiled Laws § 125.945 Neighborhood Areas In Municipalities; Transfers To Public Agencies; Excess Land Sold Or Exchanged; Special Assessment District.


125.945 Neighborhood areas in municipalities; transfers to public agencies; excess land sold or exchanged; special assessment district.

Sec. 5.

After the acquisition of the real property such property as will be used by public agencies shall be transferred to or placed under the jurisdiction of the appropriate public agencies for public use as defined in this act. The remainder of the land which, in accordance with the betterment plan, is to be devoted to private uses shall be sold or exchanged to individuals, companies, or corporations, whose use of such property shall be in accordance with the limitations and conditions provided in the development plan. If the cost and expense of acquiring and altering, removing or demolishing real property is assessed against a special district, the proceeds from the sale of any remainder shall be credited to the special assessment roll.

Any such sale or exchange may be made without public bidding but only after public hearing by the legislative body upon the proposed sale or exchange and the provisions thereof. The sale or exchange shall be under terms fixed by the legislative body and shall contain provisions that the betterment plan for the property be carried out.


History: 1949, Act 208, Eff. Sept. 23, 1949


Section: Previous  125.941  125.942  125.943  125.944  125.945  125.946  125.946a  125.946b  125.946c  125.947  125.948  125.949  125.950  125.951  125.951a  Next

Last modified: October 10, 2016