HOUSE BILL No. 5222 January 19, 2000, Introduced by Rep. Martinez and referred to the Committee on Conservation and Outdoor Recreation. A bill to amend 1998 PA 363, entitled "An act to authorize the state administrative board to convey certain state owned property in Ingham county; to authorize the department of natural resources to convey certain parcels of state owned property in Roscommon county; to prescribe conditions for the conveyance; to provide for certain powers and duties of the department of management and budget and certain municipali- ties in regard to certain property; and to provide for disposi- tion of the revenue derived from the conveyance," by amending sections 2 and 3. THE PEOPLE OF THE STATE OF MICHIGAN ENACT: 1 Sec. 2. (1) The city of Lansing has the exclusive right, 2 for a period of 12 months after the effective date ofthis act3 THE 2000 AMENDATORY ACT THAT AMENDED THIS SECTION, OR BY MARCH 4 31, 2001, WHICHEVER IS SOONER, to purchase the property described 5 in section 1. The purchase price shall be 1 of the following: 6 (a) One dollar, if the city agrees to use the property for 7 public purposes. 03921'99 DRM 2 1 (b) Fair market value, if the city does not agree to use the 2 property for public purposes. 3 (2) If the city of Lansing intends to use a portion of the 4 property described in section 1 for public purposes and the 5 remainder for nonpublic purposes, the purchase price shall be 6 adjusted so that the portion used for public purposes is conveyed 7 for $1.00, and the portion used for nonpublic purposes is con- 8 veyed for fair market value. 9 Sec. 3. If the property described in section 1 is not 10soldCONVEYED to the city of Lansing pursuant to section 2 11 within 12 months after the effective date ofthis actTHE 2000 12 AMENDATORY ACT THAT AMENDED THIS SECTION, OR BY MARCH 31, 2001, 13 WHICHEVER IS SOONER, the director of the department of management 14 and budgetshallMAY offer the property for sale on the open 15 market for fair market value or by broker contract. 03921'99 Final page. DRM