City Parks, Memorials and Cemeteries

ORS 226.360
Application of proceeds from sale of excess land


The proceeds from resale of any neighboring property taken in excess of what may be necessary for actual construction, opening, widening, extending and laying out of any public square, park or playground as provided in ORS 226.310 (Definition of “city” for ORS 226.320 to 226.400) to 226.390 (Financing of projects by bond issues) shall be deposited in the city treasury and used in payment of interest and as a sinking fund to retire any bond issues authorized under ORS 226.390 (Financing of projects by bond issues). Any surplus arising from such transaction shall be turned over to and for the use of the park department of the city.

Source

Last accessed
Jun. 26, 2021