LD 1446
pg. 2
Page 1 of 2 Resolve, Authorizing the Commissioner of Administrative and Financial Services ... LD 1446 Title Page
Download Bill Text
LR 1986
Item 1

 
Title must be transferred by quitclaim deed without covenant
and executed by the commissioner; and be it further

 
Sec. 5. Exemptions. Resolved: That the state property must first be
offered to the Town of Ludlow; and be it further

 
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.

 
The commissioner shall establish the rent or purchase price
and the terms of lease or sale.

 
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

 
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

 
Sec. 8. Repeal. Resolved: That this resolve is repealed 5 years
from its effective date.

 
SUMMARY

 
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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