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MS HB1724
Bill
Status
4/3/2019
Primary Sponsor
John Read
Click for details
AI Summary
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Authorizes the City of Gautier to acquire the approximately 88-acre Singing River Mall site through purchase, lease, or other means.
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Empowers the city to negotiate and enter into agreements with developers to acquire, construct, develop, manage, operate, or own projects on the site, including retail stores, hotels, offices, medical facilities, and residential properties.
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Allows the city to sell, lease, or dispose of the site for up to 75 years at less than fair market value if the city determines the development will create economic growth and community benefits.
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Exempts any bonds issued to finance the project from counting toward the city's constitutional debt limitation under Section 21-33-303, Mississippi Code.
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Takes effect upon passage.
Legislative Description
City of Gautier; authorize sale or 75-year lease of Singing River Mall for less than fair market value to attract retail.
Last Action
Approved by Governor
4/3/2019