| | | Title must be transferred by quitclaim deed without covenant | | and executed by the commissioner; and be it further |
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| | | Sec. 5. Exemptions. Resolved: That the state property must first be | | offered to the Town of Ludlow; and be it further |
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| | | Sec. 6. Appraisal. Resolved: That the commissioner shall have the | | current market value of the state property determined by an | | independent appraiser. The commissioner may list the state | | property for sale or lease with private real estate brokers at | | the appraised value of the state property and negotiate sales | | or leases, solicit bids, sell directly to purchasers or enter | | directly into leases with tenants. The commissioner may | | reject any offers. |
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| | | The commissioner shall establish the rent or purchase price | | and the terms of lease or sale. |
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| | | If the commissioner elects to solicit bids, the commissioner | | shall publish notices of sale sufficient to advertise the | | state property. The commissioner may reject any bids; and be | | it further |
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| | | Sec. 7. Proceeds. Resolved: That any proceeds from sales pursuant | | to this resolve must be deposited in the Maine State Housing | | Authority's Housing Opportunities for Maine Fund, as | | established in the Maine Revised Statutes, Title 30-A, section | | 4853; and be it further |
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| | | Sec. 8. Repeal. Resolved: That this resolve is repealed 5 years | | from its effective date. |
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| | | This resolve authorizes the Commissioner of Administrative | | and Financial Services to release the State's interest in | | state property formerly used for school purposes in the Town | | of Ludlow. |
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