244.2815 - Sale, lease or disposal of real property of county for redevelopment or economic development; requirements.
244.2815 Sale, lease or disposal of real property of county for redevelopment or economic development; requirements.
1. A board of county commissioners may sell, lease or otherwise dispose of real property for the purposes of redevelopment or economic development:
(a) Without first offering the real property to the public; and
(b) For less than fair market value of the real property.
2. Before a board of county commissioners may sell, lease or otherwise dispose of real property pursuant to this section, the board must:
(a) Obtain an appraisal of the real property pursuant to NRS 244.2795; and
(b) Adopt a resolution finding that it is in the best interest of the public to sell, lease or otherwise dispose of the real property:
(1) Without offering the real property to the public; and
(2) For less than fair market value of the real property.
3. As used in this section:
(a) “Economic development” means:
(1) The establishment of new commercial enterprises or facilities within the county;
(2) The support, retention or expansion of existing commercial enterprises or facilities within the county;
(3) The establishment, retention or expansion of public, quasi-public or other facilities or operations within the county;
(4) The establishment of residential housing needed to support the establishment of new commercial enterprises or facilities or the expansion of existing commercial enterprises or facilities; or
(5) Any combination of the activities described in subparagraphs (1) to (4), inclusive,
Ê to create and retain opportunities of employment for the residents of the county.
(b) “Redevelopment” has the meaning ascribed to it in NRS 279.408.
(Added to NRS by 2005, 1458; A 2005, 2680)