Title 32, Chapter 6, Section 117
( 32-6-117)
The department is authorized to lease by negotiation air rights over
existing or proposed limited-access highways for development as
commercial enterprises or activities. Prior to entering into any
negotiations for the lease of such air rights, the department shall
advertise its intent to negotiate the lease of such air rights at
least once a week for four consecutive weeks in one or more
newspapers of general circulation in the county or counties where
the air rights to be leased are situated and in one or more legal
organs in Fulton County. Any person, firm, or corporation leasing
such air rights shall reimburse the department for all costs,
including administrative costs, incurred by the department in
connection with the negotiation of said lease. Furthermore, when two
or more offers are received by the department for a lease of air
rights, the highest responsible offer shall be accepted by the
department. The department shall establish a minimum negotiated
price, based upon competent appraisal; and the final negotiated
amount shall not be less than this appraisal. |