Section 217. Temporary use or occupation of real property taken by acquisition

When title to real property has vested in  a  redevelopment
  corporation  or  city by gift, grant, devise, purchase or in acquisition
  proceedings or otherwise, the redevelopment corporation or city, as  the
  case may be, may in accordance with the provisions of the eminent domain
  procedure  law  agree  with the previous owners of such property, or any
  tenants continuing to occupy or use it, or any  other  persons  who  may
  occupy  or  use or seek to occupy or use such property, that such former
  owner, tenant or other persons may occupy or use such property upon  the
  payment  of a fixed sum of money for a definite term or upon the payment
  periodically of an agreed sum of money.
    In  the  event  that  a  city  has  acquired  real  property   for   a
  redevelopment  corporation, the city shall, in transferring title to the
  redevelopment corporation, deduct from the consideration or other moneys
  which the redevelopment corporation has become obligated to pay  to  the
  city  for  such  purpose, and credit the redevelopment corporation with,
  the amounts received by the city as payment for temporary occupation and
  use of the real property by a former owner, tenant, or other person,  as
  in  this  section  two  hundred  seventeen  provided,  less the cost and
  expense incurred by the city for the maintenance and operation  of  such
  real property.