§ 32.897. TITLE TO PROPERTY.  


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  • The Metro Government shall have an interest in all property of any kind whatsoever acquired by the agency. At the termination of this agreement, the Metro Government shall divide the agency's property or the proceeds of any sales thereof in accordance with its interests established by this agreement. Nothing in this agreement shall prevent the agency from leasing or borrowing property to further the purposes of this agreement.
    (1999 Lou. Code, § 35.063) (Lou. Ord. No. 109-1975, effective 7-1-1975; Lou. Am. Ord. No. 69-1990, approved 3-15-1990; Lou. Metro Am. Ord. No. 119-2007, approved 7-2-2007)