RESOLVE Chapter 90

	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

Sec. 8. Land acquired. Resolved: That the commissioner is authorized
to receive and hold title to such property as is exchanged
pursuant to the boundary line agreement in section 3; and be it
further

Sec. 9. Repeal. Resolved: That this resolve is repealed 5 years from
its effective date.

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