61.62 - UI Property (Real Estate) Transactions
老板:
- 位置: 房地产主任
- 电子邮件: vpfinance@rockmark.net
最后更新: 2017年6月20日
A. 一般. The acquisition or disposal of any interest in real property by the UI may require prior approval by the Board of Regents and are subject to relevant Board policies. This includes the purchase or sale of property, 批出地役权, leasing of land or facility space either owned by UI or 租赁d from outside parties, 不动产的交换. Also included is the transfer of any interest in real property or the acquisition of any real property options.(牧师. 7-09]
B. 过程
B-1. 房地产交易. Any unit of UI desiring to enter into any transaction identified above, should direct an initial proposal or inquiry to the 房地产主任 at (208) 885-6468. The following types of real estate transactions include most, but not all, real property situations.(num. & ed. 7-09]
B-2. 购买不动产. The acquisition of real property by UI requires that an independent appraisal be obtained to provide an opinion as to fair market value. 一般, the University will not acquire real property in excess of appraised value. 在收到评估后, UI will proceed with necessary legal 牧师iew, 所有环境评估, preparation of necessary documents approving financial arrangements, 必要时, 获得校董会批准. The ownership of real property acquired must be taken in the name of the Board of Regents of the University of Idaho, and transactions can only be executed by the Vice President for Infrastructure. (任. & ed. 7-09,牧师. 7-16]
B-3. 出售UI不动产. 一般, the sale of UI real property is restricted to only those cases where the long-term best interest of the UI would be served by such sale. The process for such sales is similar to the process for the purchase of real property. (任. 7-09]
B-4. Lease and Rental Agreements for UI Use. The 租赁 or rental of land or facilities to outside parties may require prior approval by the Board of Regents. These transactions can only be executed by the Vice President for Infrastructure. Proposed 租赁 or rental agreements require a justification, 法律和保险审查, cost comparisons as to fair market value and approval of funding sources. (任. & 牧师. 7-09, 7-16]
B-5. 租用UI土地或设施. The 租赁 or rental of UI land or facilities to outside parties requires prior approval by the Board of Regents. Such proposed transactions are to be at fair market value for comparable private sector property. 再一次。, the only individual authorized to execute documents for 租赁 or rental agreements is the Vice President for Finance and Administration. (任. 7-09]
B-6. 批出地役权. The UI may grant access or utility easements on UI real property often requiring prior approval of the Board of Regents. Such easements may be permanent or time-limited, depending on what best serves the interest of the UI. Easements are executed by the Vice President for Infrastructure subject to Board of Regents approval when needed. (任. & 牧师. 7-09,牧师. 7-16]
B-7. 不动产交易. The UI may enter into real property exchange transactions with the private sector when such transactions further the long-term best interests of UI. Exchanges require prior approval of the Board of Regents and follow the same process as for the purchase of real property. (任. 7-09]
B-8. 不动产转让. 在有限的情况下, the UI may request approval of the Board of Regents to transfer real property to another party. Such transactions are generally limited to other state or governmental entities for street or highway improvements or projects providing long-term benefits to UI. (任. 7-09]
B-9. 购买选项. With prior approval by the Board of Regents, the UI may enter into options or rights to first refusal to acquire real property in the future. Such options may be incorporated into 租赁 agreements or stand alone transactions. Such transactions can provide future long-term planning opportunities for the UI. (任. 7-09]
B-10. 融资安排. The acquisition of real property by the UI may require making financial arrangements to pay for property over a period of time (see APM 25.20). The UI generally pursues tax-exempt financing through bond issues (see APM 25.25) or commercial loans based on a dedicated 牧师enue source that will amortize the debt. (任. 7-09, ed. 7-17]
B-11. 不动产权益. Any interest in real property acquired through purchase, 租赁, 礼物, 交流, easements or options must be taken in the name of the Board of Regents of the University of Idaho and not in the name of units. (任. & ed. 7-09]
C. 联系信息. For questions, contact the 房地产主任 at (208) 885-6468. (添加. 7-09]