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MI HCR0054
Concurrent Resolution
Status
5/8/2012
Primary Sponsor
Eileen Kowall
Click for details
AI Summary
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Approves conveyance of property owned by Wayne County Community College District to the State Building Authority for the Northwest Campus Replacement Construction Project
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Sets total facility cost cap at $42,000,000, with State Building Authority financing $20,999,900 through bonds, State General Fund contributing $100, and the Educational Institution contributing $21,000,000
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Establishes annual "True Rental" payments between $1,440,000 and $1,883,000 for the leased facility, to be certified by an appraiser and approved by the State Administrative Board
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Authorizes the Governor and Secretary of State to execute the lease agreement among the State, State Building Authority, and Wayne County Community College District
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Commits the Legislature to appropriating sufficient annual funds to pay rent obligations under the approved 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 Wayne County Community College District relative to the Wayne County Community College District Northwest Campus Replacement Construction Project.
State Building Authority
Last Action
Adopted By Senate - Referred To The Clerk For Record
8/15/2012