Regulations of Connecticut State Agencies (Last Updated: June 14,2023) |
Title13a Highways and Bridges |
SubTitle13a-80-1_13a-80-3. Sale of Excess Residential Property |
Sec.13a-80-3. Multiple ownership procedures
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(a) In the event that the excess residential property was owned by more than one person at the time of its acquisition by the Department of Transportation and the Department receives written notice of acceptance of the offer to repurchase pursuant to Section 13a-80-2 from the former owners indicating their desire to repurchase the property as multiple owners, the Department shall proceed with the sale to said former owners subject to the required statutory approvals.
(b) If the Department of Transportation receives written notice of acceptance from more than one of the former owners and each such former owner indicates a desire to repurchase the property on an individual basis, the Department shall arrange and conduct a sealed bid sale of said property among all former owners who submitted written notice of acceptance. The current appraised value of the property, as determined in accordance with the provisions of Section 13a-80 of the Connecticut General Statutes shall serve as the minimum bid figure for the sealed bid sale. The property shall be sold to the highest bidder subject to the required statutory approvals.
(c) If the Department of Transportation receives written notice of acceptance from only one of the former owners, the Department shall proceed with the sale of the excess residential property to this former owner at the amount of its current appraised value as determined in accordance with the provisions of Section 13a-80 of the Connecticut General Statutes subject to the required statutory approvals.
(Effective May 1, 1989)