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MI HCR0058
Concurrent Resolution
Status
6/1/2010
Primary Sponsor
Kenneth Horn
Click for details
AI Summary
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Total facility cost shall not exceed $28,000,000, with the State Building Authority funding $20,999,900, the State General Fund contributing $100, and Saginaw Valley State University contributing $7,000,000
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Legislature approves conveyance of property to the State Building Authority and authorizes the Authority to acquire and lease the Health Sciences Facility to the State and the Educational Institution
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Annual "True Rental" payments for the facility shall range between $1,440,000 and $1,883,000, subject to certification by an appraiser and approval by the State Administrative Board
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Governor and Secretary of State are authorized to execute the lease agreement on behalf of the State
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Legislature commits to appropriating sufficient annual funds to pay rent obligations under the lease
Legislative Description
A concurrent resolution approving the conveyance of property to the State Building Authority and approving a lease among the State of Michigan, the State Building Authority, and the Board of Control of Saginaw Valley State University relative to the Saginaw Valley State University Health Sciences Facility.
State Building Authority
Last Action
Adopted By Senate - Referred To The Clerk For Record
6/16/2010