9-12-5.2. Lease to private person--Resolution of intent--Notice and hearing--Authorization.
If the governing body decides to lease any municipally owned property to any private person for a term exceeding one hundred twenty days and for an amount exceeding five hundred dollars annual value it shall adopt a resolution of intent to enter into such lease and fix a time and place for public hearing on the adoption of the resolution. Notice of the hearing shall be published in the official newspaper once, at least ten days prior to the hearing. Following the hearing the governing body may proceed to authorize the lease upon the terms and conditions it determines.
Source: SL 1980, ch 61, ยง2; SL 1981, ch 65.
Structure South Dakota Codified Laws
Title 9 - Municipal Government
Chapter 12 - General Powers Of Municipalities
Section 9-12-1 - General corporate powers--Municipal property.
Section 9-12-2 - Fiscal powers of municipalities.
Section 9-12-3 - Expenses of officers and employees in attending meetings.
Section 9-12-3.1 - Compensation of board and commission members not already compensated.
Section 9-12-4 - Agreements with state and United States to carry out municipal functions.
Section 9-12-5 - Lease or transfer of municipal property to state agency for public purposes.
Section 9-12-5.1 - Lease of municipally-owned property--Term and conditions.
Section 9-12-5.2 - Lease to private person--Resolution of intent--Notice and hearing--Authorization.
Section 9-12-6 - Designation of official newspapers.
Section 9-12-9 - Municipal appropriations for observance of holidays.
Section 9-12-10 - City census.
Section 9-12-11 - Promotion of municipality--Appropriation and expenditure of funds--Records.
Section 9-12-12 - Employment of welfare workers.
Section 9-12-13 - Power to adopt zoning ordinance.
Section 9-12-14 - Power to support airports and landing fields.
Section 9-12-14.1 - Municipality authorized to provide funds for air carrier air service.
Section 9-12-15 - Power to maintain library.
Section 9-12-16 - Option to adopt campaign finance law.
Section 9-12-18 - Power to maintain abandoned cemetery--Cemetery board--Funds.
Section 9-12-19 - Inspection fee for government-owned property.
Section 9-12-21 - Rebate of municipal property taxes to further industry development goals.