Opinion Number

Dear Mr. Manning

You have requested an opinion of the Attorney General in your capacity as General Counsel to the Department of Economic Development (DED), regarding the authority, vel non, of a municipality to sell unimproved immovable property to a private corporation for industrial inducement purposes.

You specifically state that DED has been working in cooperation with the City of Monroe (City) in recruiting a national mortgage company (the "Company") to locate a record retention facility in the City. The City owns some unimproved immovable property in an industrial park that it would like…