LD 504
pg. 2
Page 1 of 3 Resolve, Authorizing the Commissioner of Administrative and Financial Services ... Page 3 of 3
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LR 537
Item 1

 
appropriate; however, the state property must be sold "as is," with
no representations or warranties.

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

 
Sec. 5. Exemptions. Resolved: That any lease or 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. The commissioner may list the property
for sale or lease with private real estate brokers at the
property's appraised value 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.

 
Prior to transfer, the buyer shall provide the State at the
buyer's own cost and expense an updated survey showing the
property described herein together with adjacent property
described in Book 5667, Page 32; Book 4952, Page 283; and Book
5691, Page 307. The buyer shall also provide a certificate of
title or title insurance policy demonstrating ownership of former
Lot 10, acquired in 2 separate transactions: Book 4952, Page 283
and Book 5667, Page 32. The buyer shall demonstrate to the
satisfaction of the commissioner that the transfer herein does
not create an illegal subdivision on a substandard lot or violate
any local or state law, ordinance or regulation.

 
If the commissioner elects to solicit bids, the commissioner
shall publish notices of sale sufficient to advertise the
properties. 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 Special Revenue Account for
Maine Veterans Memorial Cemetery at Civic Center Drive, Account
No. 014 15A 2101 402; and be it further

 
Sec. 8. Repeal. Resolved: That this resolve is repealed 3 years from
its effective date.


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