217 - Temporary use or occupation of real property taken by acquisition.

§  217.  Temporary  use  or  occupation  of  real  property  taken  by  acquisition. When title to real property has vested in  a  redevelopment  corporation  or  city by gift, grant, devise, purchase or in acquisition  proceedings or otherwise, the redevelopment corporation or city, as  the  case may be, may in accordance with the provisions of the eminent domain  procedure  law  agree  with the previous owners of such property, or any  tenants continuing to occupy or use it, or any  other  persons  who  may  occupy  or  use or seek to occupy or use such property, that such former  owner, tenant or other persons may occupy or use such property upon  the  payment  of a fixed sum of money for a definite term or upon the payment  periodically of an agreed sum of money.    In  the  event  that  a  city  has  acquired  real  property   for   a  redevelopment  corporation, the city shall, in transferring title to the  redevelopment corporation, deduct from the consideration or other moneys  which the redevelopment corporation has become obligated to pay  to  the  city  for  such  purpose, and credit the redevelopment corporation with,  the amounts received by the city as payment for temporary occupation and  use of the real property by a former owner, tenant, or other person,  as  in  this  section  two  hundred  seventeen  provided,  less the cost and  expense incurred by the city for the maintenance and operation  of  such  real property.