Sec. 2132.
(1) Subject to subsection (2), the department may sell surplus land at a price established using the method that the department determines to be most appropriate, such as any of the following:
(a) Appraisal.
(b) Appraisal consulting.
(c) A schedule adopted by the department for pricing property with uniform characteristics and low utility.
(d) The true cash value of nearby land as determined by the local assessor.
(2) If the department offers tax reverted land for sale and the land is not sold within 9 months, the department may sell the land to a qualified buyer who submits an offer that represents a reasonable price for the property as determined by the department.
(3) The sale of surplus land shall be conducted by the department through 1 of the following methods:
(a) A public auction sale.
(b) A negotiated sale.
(4) Subject to subsection (1), the sale of surplus land through a public auction sale shall be to the highest bidder.
(5) A notice of the sale of surplus land shall be given as provided in section 2133.
(6) The proceeds from the sale of surplus land shall be deposited into the fund.
(7) Surplus land that is sold under this subpart shall be conveyed by quitclaim deed approved by the attorney general.
(8) Each application, as later amended or supplemented, submitted by a private person under subsection (3)(b) for the purchase of the land identified in that application as a prospect for purchase, shall be considered and acted upon by the department to final decision, before any other application submitted at a later date by a different private person for the purchase or exchange of the same land.
History: Add. 1995, Act 60, Imd. Eff. May 24, 1995 ;-- Am. 1998, Act 117, Imd. Eff. June 9, 1998 ;-- Am. 2012, Act 240, Imd. Eff. July 2, 2012 ;-- Am. 2012, Act 622, Imd. Eff. Jan. 9, 2013
Popular Name: Act 451
Popular Name: NREPA
Last modified: October 10, 2016