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