§ 126. Condemnation of excess property. A municipality or an
authority may take private property by condemnation for the purpose of
providing low rent housing for families of low income, or for the
clearance, replanning, reconstruction and rehabilitation of areas, or
for both of such purposes, and for recreational and other facilities
incidental or appurtenant thereto, but in excess of that required for
public use after such purposes shall have been accomplished. An
authority or municipality may improve and utilize such excess property
wholly or partly for any other public purpose, or may lease or sell such
excess property with restrictions to preserve and protect the project or
projects. Proceedings to acquire such excess property may be brought by
the authority or municipality in the same manner as for the real
property required for the project and may be included in the proceedings
for the acquisition of real property required for the project.