254.332 Expenditure of funds for construction of state police post; lease agreement; payments; expiration or termination of lease; use.

340 words·~2 min read·/mi/chapter-254/254-332

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 22.

(1)The authority may expend not more than $995,000.00 from funds under its jurisdiction to construct a building and lease it to the department of state police for use as a regional state police post. The building shall be located on authority owned property adjacent to the north terminal of the bridge.

(2)The authority shall not construct a building pursuant to this section until the authority and the department of state police enter into a lease agreement that contains all of the following terms:

(a)A provision that the building be used for a regional state police post.

(b)A provision that the initial term of the lease shall be 10 years, with renewals as agreed to by the authority and department of state police.

(c)A provision that the lease amount be equivalent to the fair market lease value of the leased building. However, the lease may provide for a reduction in the lease amount equivalent to the reasonable cost incurred by the department of state police in providing a certain level of law enforcement services incident to the operation of the bridge.

(d)Except as otherwise agreed by the authority and department of state police, a requirement that the department of state police pay the costs of maintaining the building in reasonable repair.

(e)Any other terms that may be agreed to by the authority and the department of state police regarding the use of the building.

(3)Lease payments that are received by the authority under a lease agreement entered into pursuant to subsection

(2)shall be regarded and treated as revenues of the bridge for all purposes under this act.

(4)Upon the expiration or termination of a lease agreement entered into pursuant to subsection (2), the authority may use the building for any reasonable purpose in carrying out its duties under this act.

History: Add. 1992, Act 120, Imd. Eff. June 26, 1992