The Senate voted 30-0 to pass the amended HB 4038 and the bill, now HB4038-B, is today (March 5) on the House Desk awaiting a third reading in that chamber. Part of the staff summary prepared for the Senate Committee on Rules for their meeting Feb. 27, follows:
WHAT THE MEASURE DOES: Requires manufactured dwelling park owner give written notice as specified in measure, to park tenants and Oregon Housing and Community Services (OHCS), of owner’s interest in selling park prior to marketing or considering offers. Requires tenants respond in writing as specified, within ten days if interested in competing to purchase park. Requires establishment and identification of "tenants committee" for purpose of requesting financial information and negotiating purchase. Requires owner to disclose specified information within seven days of request. Specifies process for maintaining confidentiality of information. Requires commercially reasonable conduct of parties. Specifies remedies available to parties for noncompliance. Does not apply to other transfers of ownership of park. Permits other parties to rely on park owner’s recordation of affidavit of compliance with measure’s notice requirements. Requires OHCS make specified information available to park tenants. Clarifies statutes governing sales of marinas to purchase associations.
EFFECT OF COMMITTEE AMENDMENT: Includes transfer or sale of park within LLC in exemptions. Requires establishment and identification of tenants committee, if none already exists, for purpose of purchasing park and requesting financial information. Removes emergency clause.
No comments:
Post a Comment