Senate Bill No. 501

(By Senator Bowman and Plymale)


[Introduced February 15, 2000; referred to the Committee on Government Organization.]

A BILL authorizing the department of administration to sell the land, together with the improvements thereon, known as the Morris Square building in Charleston, Kanawha County.

Be it enacted by the Legislature of West Virginia:
§1. Land sale; description.
(a) The state building commission is authorized to solicit interest in, enter into a contract for sale by auction, and to sell and convey, for good and valuable consideration as negotiated by the executive director of the state building commission, all of those certain lots or parcels of land, together with the improvements thereon, the privileges thereof, and the appurtenances thereunto belonging, known as lot "a-1", containing 1.118 acres, more or less, and lot "a-2", containing 0.507 acres, more or less, situate in the city of Charleston, Charleston east tax district, Kanawha County, West Virginia, which property is more accurately bounded and described in a deed dated October 29, 1996, from the Charleston building corporation, to the state building commission of West Virginia, and recorded in the office of the clerk of the county commission of Kanawha County, West Virginia, in deed book 2399 at page 79. Any sale and conveyance of this property is subject to all restrictions, reservations, rights-of-way, easements, utilities, covenants, restrictions, leases, exclusions and other matters duly of record affecting the subject property. The money from the sale of the property shall be deposited in a special fund of the department of administration to be used for state capitol complex improvements and renovations.
(b) The director may engage the services of an auction service to sell the property by oral, silent or internet auction, with the usual and customary cost of the auction, as defined by the conventions of the auction service, to be paid from the proceeds of sale or by the buyer, depending on the conventions of the auction service, at the time of the closing sale.
(c) The property shall have a total reserve price, or minimum bid, set by the director, for sale and conveyance of the property, regardless of the appraised value.
(d) The sale by auction shall take place no less than once a year until the time as the property is successfully sold.
(e) In the event of sale by auction, no commissions will be paid to a real estate broker who was engaged by the executive director to sell the property.
Notwithstanding anything in the code of West Virginia, one thousand nine hundred thirty-one, as amended, to the contrary, the provisions of this section prevail.

NOTE: The purpose of this bill is to authorize the sale of real estate in Charleston, West Virginia, by the Department of Administration. The property is known as the "Morris Square Building".

§1 is new; therefore, strike-throughs and underscoring have been omitted.