Real property leasing, disposal and purchasing.
Indianapolis-Marion County Revised Code § 202-209
in effectSec. 202-209. - Real property leasing, disposal and purchasing.
(a) With respect to the leasing of real property by departments, offices, and agencies of the city and county, the office of finance and management, through its controller and director of real estate, shall do the following:
(1) Promulgate real property purchasing, disposal, and leasing policies and procedures provided such actions are not in conflict with any federal, state, or local laws;
(2) With assistance from the Office of Corporation Counsel, negotiate, review, and approve real property leases on behalf of the departments, offices, and agencies of the city and county;
(3) Pursue all legal approvals necessary for the execution of any real property lease, including those contained in IC 36-1-10, together with a representative of the department, office, or agency seeking to lease such real property;
(4) Require the department, office, or agency requesting approval of such real property lease to obtain written confirmation from two persons professionally engaged in the appraisal of real property or those licensed under IC 25-34.1, as hereinafter amended or recodified, engaged in the leasing of real property that the total amount to be paid pursuant to such lease is consistent with amounts paid for comparable property in the relevant market area;
(5) Require annual reports of expected annual real property leasing needs from each department, office, or agency of the city and county;
(6) Present a report of such annual anticipated real property leasing needs to the city-county council semi-annually;
(7) Enter into contracts for services as needed to fulfill the duties and requirements of this section; and
(8) Perform any other actions necessary to fulfill the requirements of this section, provided such actions are not in conflict with any federal, state, or local law.
(b) For purposes of this section, the terms "lease" or "leasing" include:
(1) Any agreement involving the occupancy or use of city or county real property by any person or entity other than the city or county; and
(2) Any agreement involving the occupancy or use by the city or county of real property not owned by the city or county.
(G.O. 81, 2015, § 1)
Source: Consolidated City of Indianapolis and Marion County, Revised Code (Municode Library, library.municode.com)URL: https://library.municode.com/in/indianapolis_-_marion_county/codes/code_of_ordinances?nodeId=TITIORAD_CH202MAOF_ARTIIOFFIMA_S202-209REPRLEDIPUFetched: 10/27/2026