Sec. 4. Property to be sold as is. Resolved: That the commissioner may negotiate and execute purchase and sale agreements upon terms the commissioner considers appropriate. The state property must be sold as is, with no representations or warranties.

Title must be transferred by quitclaim deed without covenant, executed by the commissioner, but the 15 acres in section 3 must be transferred subject to affordable neighborhood development covenants; and be it further

Sec. 5. Exemptions. Resolved: That any conveyance pursuant to this resolve is exempt from any statutory or regulatory requirement that the property first be offered to the Maine State Housing Authority or another state or local agency; 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 with the assumption that the 15 acres of property in section 3 are subject to affordable neighborhood development covenants. The commissioner shall first offer the property to an individual or entity holding a valid option on the property and, if the property is not purchased by the option holder, the commissioner may list the property for sale or lease with private real estate brokers at their appraised value of the 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 purchase price and terms of 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 established in the Maine Revised Statutes, Title 30-A, section 4853; and be it further