Connecticut Senate Bill SB00252

Connecticut 2018 Regular Session

• Introduced: 2/27/18
• Refer: 2/27/18

Caption

An Act Requiring The Sale Of The Former Seaside Regional Center.

Impact

If enacted, SB00252 will streamline the process of selling state-owned property by establishing a deadline and specific valuation procedures. This is intended to eliminate delays that are common in such transactions and to ensure the state gains fair value from the property sale. The expedited nature of the bill could lead to a quicker return on investment for state resources tied up in unused or underutilized properties like the Seaside Regional Center. Additionally, the act represents an approach to managing state assets effectively, expecting to boost public funds through real estate transactions.

Summary

SB00252 is a legislative act requiring the sale of the former Seaside Regional Center property located in Waterford. The bill mandates the Department of Energy and Environmental Protection (DEEP) to issue a request for proposals for the sale by January 1, 2019. The property is to be sold at its fair market value, assessed by two independent appraisers. The review and approval of the proposed sale agreement must be completed by the State Properties Review Board within thirty days to facilitate an expedited sales process. Until the sale is finalized, DEEP retains care and control over the property.

Contention

The discussion surrounding SB00252 may center on the specific valuation process and the potential implications of such sales on local governance and community interests. While proponents advocate for efficient management of state resources, critics may highlight concerns regarding transparency in the valuation and sales process. There may also be debates regarding the future use of the property, particularly if there are community aspirations for it to serve a public purpose or to remain under state control for ecological or recreational purposes.