§ 45-24.4-21. Real property transactions.
Notwithstanding any provision or provisions of the charter of any city or town to the contrary, any city or town may sell or otherwise dispose of, or lease, to any person, including, but not limited, to the state or any instrumentality of the state, for consideration (including, but not limited to, interests in other real property) and upon any other terms and conditions that may be approved by the city or town council, any interest in real property owned by the city or town land located within or adjacent to any special development district created pursuant to this chapter without complying with any provision or provisions otherwise requiring that the proposed sale, lease, or other disposition of the interest be advertised or otherwise publicized, or that the disposition be made only to the highest bidder or only for a specified minimum consideration; provided, that the city or town council has determined that the sale, lease, or other disposition is consistent with and is desirable as being in furtherance of any plan of development adopted for the special development district pursuant to this chapter. Any sale, lease, or other disposition of any interest in real property located within or adjacent to any special development district created pursuant to this chapter shall not, if made pursuant to an agreement to which the state or any instrumentality of the state is a party, is subject to the tax as may otherwise be imposed by chapter 25 of title 44.
History of Section.
P.L. 1986, ch. 42, § 1.