| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to manufactured housing; modifying notice of offer requirements for |
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| 3 | 3 | | 1.3 unsolicited manufactured home park sales; amending Minnesota Statutes 2024, |
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| 4 | 4 | | 1.4 section 327C.097, subdivision 3. |
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| 5 | 5 | | 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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| 6 | 6 | | 1.6 Section 1. Minnesota Statutes 2024, section 327C.097, subdivision 3, is amended to read: |
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| 7 | 7 | | 1.7 Subd. 3.Notice of offer.(a) If a park owner receives an unsolicited bona fide offer to |
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| 8 | 8 | | 1.8purchase the park that the park owner intends to consider or make a counteroffer to, the |
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| 9 | 9 | | 1.9park owner's only obligation shall be to mail a notice to the Minnesota Housing Finance |
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| 10 | 10 | | 1.10Agency, by certified mail, and to each park resident household, by regular mail. The notice |
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| 11 | 11 | | 1.11must: |
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| 12 | 12 | | 1.12 (1) indicate that the park owner has received an offer that it the park owner is considering, |
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| 13 | 13 | | 1.13and it must; |
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| 14 | 14 | | 1.14 (2) disclose the price range and material terms and conditions upon which the park owner |
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| 15 | 15 | | 1.15would consider selling the park and consider any offer made by a representative acting on |
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| 16 | 16 | | 1.16behalf of residents or a nonprofit that will become a representative acting on behalf of |
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| 17 | 17 | | 1.17residents, as provided below; |
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| 18 | 18 | | 1.18 (3) provide an opportunity for a representative acting on behalf of residents or a nonprofit |
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| 19 | 19 | | 1.19that becomes a representative acting on behalf of residents to make an offer to purchase the |
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| 20 | 20 | | 1.20park; and |
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| 21 | 21 | | 1.21 (4) include a monitored email address and telephone number that residents, residents' |
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| 22 | 22 | | 1.22representatives, or nonprofits may use to inquire about the sale. The provided contact |
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| 23 | 23 | | 1Section 1. |
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| 24 | 24 | | 25-04906 as introduced03/25/25 REVISOR RSI/VJ |
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| 25 | 25 | | SENATE |
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| 26 | 26 | | STATE OF MINNESOTA |
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| 27 | 27 | | S.F. No. 3165NINETY-FOURTH SESSION |
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| 28 | 28 | | (SENATE AUTHORS: KUNESH, Boldon and Lucero) |
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| 29 | 29 | | OFFICIAL STATUSD-PGDATE |
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| 30 | 30 | | Introduction and first reading04/01/2025 |
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| 31 | 31 | | Referred to Housing and Homelessness Prevention 2.1information must be monitored during normal business hours to ensure timely responses to |
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| 32 | 32 | | 2.2inquiries. |
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| 33 | 33 | | 2.3The park owner shall be under no obligation either to sell to the nonprofit or representative |
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| 34 | 34 | | 2.4acting on behalf of residents or to interrupt or delay other negotiations and shall be free to |
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| 35 | 35 | | 2.5execute a purchase agreement or contract for the sale of the park to a party or parties other |
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| 36 | 36 | | 2.6than the representative acting on behalf of residents. Substantial compliance with the notice |
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| 37 | 37 | | 2.7requirement in this paragraph shall be deemed sufficient. |
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| 38 | 38 | | 2.8 (b) The Minnesota Housing Finance Agency must, within five days of receipt of the |
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| 39 | 39 | | 2.9notice required under paragraph (a), distribute a copy of the notice to any representative |
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| 40 | 40 | | 2.10acting on behalf of residents and to any nonprofits that register with the agency to receive |
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| 41 | 41 | | 2.11such notices. The agency shall make a list of any representatives acting on behalf of residents |
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| 42 | 42 | | 2.12and any registered nonprofits publicly available on its website. |
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| 43 | 43 | | 2Section 1. |
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| 44 | 44 | | 25-04906 as introduced03/25/25 REVISOR RSI/VJ |
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