Local governments now have the authority, generally, to acquire, hold, manage and dispose of an interest in land, improvements, personal property and other property.
While the transfer, lease or licence of land does not necessarily constitute a public private partnership or other partnership arrangement, the disposition of real property is an integral part of many partnering arrangements. Local governments have unrestricted authority to acquire and dispose of any property whatsoever, including unrestricted lease terms, so long as the procedural requirements set out in the Municipal Act are followed.