II. C. 12. Real Property Acquisitions and Leases
All real property acquisitions, whether purchased or donated, must be approved by the State Board and the State Properties Commission.
Prior to approval by the State Board, the president of a Technical College shall consult with the Commissioner as to the need of the property for the College. If acquisition is approved by the Commissioner, the Director of Facilities Management at Central Office shall request approval of the acquisition by the State Board.
At the time the property acquisition is presented to the State Board for Approval, the following documents shall be in the Office of Facilities Management:
1) two written appraisals of the property prepared by appraisers who are members of the Appraisal Institute (MAI);
2) a plat of survey of the property prepared by a Georgia Registered Land Surveyor; and
3) a Phase I Environmental Site Assessment of the property.
After approval of the acquisition by the State Board, the Office of Facilities Management shall forward to the State Properties Commission a request for approval of the acquisition.A request for the rental of off-campus space shall be submitted to the Director of Facilities Management at Central Office for approval. After approval, the Director of Facilities Management shall submit a request to the State Properties Commission to formalize a rental agreement with the Owner/Landlord of the space to be rented. The State Board must approve leases where the annual rental exceeds 75,000.
References
Created: May 10, 2001
Revised: May 4, 2006
Approved