Ohio Code § 5722.06

§ 5722.06.

An electing subdivision, other than a county land reutilization corporation, shall

assume possession and control of any nonproductive land acquired by it under section 5722.03 , 5722.04 , or 5722.10 of the Revised Code and any other land it acquires as a part of its land reutilization program.  The electing subdivision shall hold and administer such property in a governmental

capacity for the benefit of itself and of other taxing districts having an interest

in the taxes, assessments, charges, interest, and penalties due and owing thereon

at the time of the property's acquisition by the electing subdivision.  In its administration of such nonproductive land as a part of a land reutilization

program, the electing subdivision shall: (A) Manage, maintain, and protect, or temporarily use for a public purpose such land

in such manner as it deems appropriate; (B) Compile and maintain a written inventory of all such land.  The inventory shall be available for public inspection and distribution at all times. (C) Study, analyze, and evaluate potential, present, and future uses for such land which

would provide for the effective reutilization of the nonproductive land; (D) Plan for, and use its best efforts to consummate, the sale or other disposition of

such land at such times and upon such terms and conditions as it deems appropriate

to the fulfillment of the purposes and objectives of its land reutilization program; (E) Establish and maintain records and accounts reflecting all transactions, expenditures,

and revenues relating to its land reutilization program, including separate itemizations

of all transactions, expenditures, and revenues concerning each individual parcel

of real property acquired as a part of such program. A county land reutilization corporation acquiring title to lands under section 5722.03 , 5722.04 , or 5722.10 of the Revised Code , and to any other land it acquires as a part of its land reutilization program, shall

maintain, operate, hold, transact, and dispose of such land as provided in its plan

and pursuant to its purposes under Chapter 1724. of the Revised Code.