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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Jay Fox, Executive Director |
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PRESENTER(S): |
Carlton Christensen, Chair of Board of Trustees |
TITLE:
title
Strategy Session to Discuss:
- The Purchase, exchange, or lease of Real Property (Utah Code 52-4-205 (1) (d))
- The Sale of Real Property (Utah Code 52-4-205 (1) (e))
end
AGENDA ITEM TYPE:
Closed Session
RECOMMENDATION:
Approve moving to closed session in accordance with Utah Code 52-4-205 (1).
BACKGROUND:
Utah Open and Public Meetings Act allows for the Board of Trustees to meet in a session closed to the public for various specific purposes.
DISCUSSION:
The purpose of this closed session is to discuss:
• The purchase, exchange, or lease of real property, including any form of a water right or water shares, or to discuss a proposed development agreement, project proposal, or financing proposal related to the development of land owned by the state, if public discussion would:
I. Disclose the appraisal or estimated value of the property under consideration; or
II. Prevent the public body from completing the transaction on the best possible terms.
See Utah Code 52-4-205 (1) (d).
• The sale of real property, including any form of a water right or water shares, if:
I. Public discussion of the transaction would:
A. Disclose the appraisal or estimated value of the property under consideration; or
B. Prevent the public body from completing the transaction on the best possible terms;
II. The public body previously gave public notice that the property would be offered for sale; and
III. The terms of the sale are publicly disclosed before the public body approves the sale.
See Utah Code 52-4-205 (1) (e).