R23-22-3. Requirements for Qualified Proposals

(1) For sales of vacant division-owned property, the division may require a qualified proposal to propose a minimum acceptable purchase price, to be established by the division. (2) For leases of vacant division-owned property, the division may require a qualified proposal to propose a minimum acceptable rent, to be established by the division, as well as proposed lease term, options for extension, if any, and material lease terms and conditions. (3) A written proposal submitted by a local government entity or public purpose nonprofit entity shall explain the public purpose for which the local government entity or public purpose nonprofit entity seeks a transfer or lease of the vacant division-owned property to be a qualified proposal. (4) To be a qualified proposal, a written proposal shall address how the written proposal, if accepted and implemented, provides a material benefit to the state.