Sec. 3.1. (a) In addition to any other reason for disapproving a disposal of property under section 3 of this chapter, the executive of a consolidated city may disapprove a sale of a tract of residential property to any bidder who does not by affidavit declare that:
(1) the bidder will reside on that property for at least one (1) year after the bidder obtains possession of it; and
(2) the bidder is eligible to purchase the property under section 16 of this chapter.
(b) When the executive exercises disapproval under this section, the property may be sold to the highest bidder who also presents an affidavit declaring that:
(1) the bidder will reside on that property for a one (1) year period after the bidder obtains possession; and
(2) the bidder is eligible to purchase the property under section 16 of this chapter.
As added by Acts 1981, P.L.306, SEC.1. Amended by P.L.60-1988, SEC.24.
Structure Indiana Code
Chapter 11. Disposal of Real or Personal Property
36-1-11-1. Application of Chapter
36-1-11-3.1. Sale of Residential Real Property; Disapproval
36-1-11-3.2. Approval of Sale, Lease, or Transfer of Real Property in Certain Cities
36-1-11-4. Sale or Transfer of Real Property; Procedure
36-1-11-4.1. Sale or Transfer of Real Property, Including Provision for Leaseback; Notice; Bids
36-1-11-4.3. Public Easement or Right-of-Way
36-1-11-5.6. Sale or Transfer of Property to a Nonprofit Corporation
36-1-11-7. Exchange of Property With Persons Other Than Governmental Entity; Procedure
36-1-11-8. Exchange of Property With Governmental Entity
36-1-11-9. Trade or Exchange as Part of Purchase Price of New Property
36-1-11-10. Lease of Property; Procedure
36-1-11-10.5. Lease of a Parkway Strip, Sidewalk, Tree Row, or Verge
36-1-11-11. Execution of Deed or Other Instrument
36-1-11-12. Lease of Property; Alternative Procedure
36-1-11-13. Restrictions on Lease of County-Owned Property
36-1-11-14. Gift of Tract; Reconveyance
36-1-11-15. Tract Transferred as Gift by Not-for-Profit Corporation or Organization; Reconveyance
36-1-11-17. Terms of Reconveyance or Return
36-1-11-18. School Corporations in Laporte County; Transfer to Governmental Agency