1. The governing body of any incorporated city in this State may reconvey all the right, title and interest of the city in and to any land donated, dedicated, acquired in accordance with chapter 37 of NRS, or purchased under the threat of an eminent domain proceeding, for a public park, public square, public landing, agricultural fairground, aviation field, automobile parking ground or facility for the accommodation of the traveling public, or land held in trust for the public for any other public use or uses, or any part thereof, to the person: (a) By whom the land was donated or dedicated or to the persons heirs, assigns or successors, upon such terms as may be prescribed by a resolution of the governing body; or (b) From whom the land was acquired in accordance with chapter 37 of NRS, or purchased under the threat of an eminent domain proceeding, or to the persons heirs, assigns or successors, except as otherwise provided in NRS 37.270 , for an amount equal to the amount paid for the land by the governing body. 2. If the governing body determines that maintenance of the property is unnecessarily burdensome to the city or that reconveyance would be in the best interest of the city and its residents, the governing body may formally adopt a resolution stating that determination. Upon the adoption of the resolution, the presiding officer of the governing body shall issue a written offer of reconveyance to the person from whom the land was received or acquired or the persons successor in interest. 3. If the person from whom the real property was received or acquired, or the persons successor in interest: (a) Accepts the offer of reconveyance within 45 days after the date of the offer, the governing body shall execute a deed of reconveyance. (b) Refuses to accept the offer of reconveyance or states in writing that he or she is unable to accept the reconveyance, the governing body may sell or lease the real property in accordance with the provisions of the chapter.
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