Title 04 Administrative Agencies and Procedures
Chapter 04.25 Public Development Authority
Article I. General Provisions
Section 04.25.280 Disposition of Assets Upon Dissolution
Upon dissolution of the authority and the winding up of its affairs the city council may provide for the transfer of the rights, assets and property of the authority to a qualified entity or entities which will fulfill the purposes for which the authority was chartered. Otherwise title to all remaining property and assets of the authority vests in the City of Spokane upon the dissolution of the authority.
Date Passed: Monday, March 26, 2007
Effective Date: Sunday, May 6, 2007
Recodification ORD C33995 Section 1
Section 04.25.280 Disposition of Assets Upon Dissolution
Upon dissolution of the authority and the winding up of its affairs the city council may provide for the transfer of the rights, assets and property of the authority to a qualified entity or entities which will fulfill the purposes for which the authority was chartered. Otherwise title to all remaining property and assets of the authority vests in the City of Spokane upon the dissolution of the authority.
Date Passed: Monday, March 26, 2007
Effective Date: Sunday, May 6, 2007
Recodification ORD C33995 Section 1
