With regard to warehouse facilities used for commercial warehousing purposes mentioned in § subdivisions (1)-(4) and (8)-(10) of § 14-186-204(a) and § 14-186-204(b), and subdivisions (2), (3), and (10)-(13) of § 14-186-207, the authority, prior to entering into a new lease of existing warehouse facilities or into a lease of new warehouse facilities, in whole or in part, or prior to operating warehouse facilities for these purposes, in whole or in part, shall first publicly solicit proposals for the leasing or operation of the warehouse facilities for these purposes on such terms as shall be customary and usual in the commercial warehousing industry, and the authority shall accept such proposal as is commercially reasonable and in the authority's best interest.
Section: Previous 14-186-202 14-186-203 14-186-204 14-186-205 14-186-206 14-186-207 14-186-208 14-186-209 14-186-210 14-186-211 14-186-212 14-186-213 14-186-214 14-186-215 NextLast modified: November 15, 2016