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MI SCR0044
Concurrent Resolution
AI Summary
- Approves conveyance of property owned by Southwestern Michigan College to the State Building Authority for the Technology Building Renovation and Expansion project
- Sets total facility cost not to exceed $3,200,000, with Authority financing up to $1,599,800 through bonds, State General Fund contributing $200, and the College contributing $1,600,000
- Authorizes the State Building Authority to acquire and lease the facility to the State and Southwestern Michigan College, determining the lease serves a public purpose
- Establishes annual "True Rental" amounts between $110,000 and $143,000, subject to certification by appraiser and approval by State Administrative Board and Authority
- Authorizes the Governor and Secretary of State to execute the lease and commits the Legislature to appropriate sufficient annual funds to pay lease obligations
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 Southwestern Michigan College relative to the Southwestern Michigan College Technology Building Renovation and Expansion.
Lease
Last Action
Referred To Secretary For Record
7/21/2010
Committee Referrals
Appropriations6/15/2010
Full Bill Text
No bill text available