US Laws, Codes, Statutes & Cases

 
    § 5-304 Cession to and purchase by the city of the real property being
  acquired.  a.  An  owner  of  real  property, which property the city is
  authorized to acquire, may cede the same to the city upon such terms and
  conditions, including exemptions from assessments,  as  the  mayor  from
  time  to  time  may  prescribe, provided such real property be free from
  encumbrances inconsistent with the title to be acquired.
    b. The mayor shall also have power and is hereby authorized  to  agree
  as  to  the purchase price of any real property selected for acquisition
  in a capital project proceeding, or any part thereof,  and  to  purchase
  the  same for and on behalf of the city. An option to purchase such real
  property, granted to the city for a period not to  exceed  ninety  days,
  shall not be withdrawn or cancelled during the period named therein.
    c.  When  a  conveyance  of the real property ceded or purchased shall
  have been approved and accepted, the city shall become vested with title
  to such real property so conveyed to the same extent and effect as if it
  had been acquired for the improvement  by  a  proceeding  had  for  that
  purpose.