Section 53G-4-901 - DefinitionsAs used in this part:
(1) "Eligible entity" means: (a) a city or town with a population density of 3,000 or more people per square mile; or(b) a county whose unincorporated area includes a qualifying planning advisory area.(2) "Purchase price" means the greater of: (a) an amount that is the average of: (i) the appraised value of the surplus property, based on the predominant zone in the surrounding area, as indicated in an appraisal obtained by the eligible entity; and(ii) the appraised value of the surplus property, based on the predominant zone in the surrounding area, as indicated in an appraisal obtained by the school district; and(b) the amount the school district paid to acquire the surplus property.(3) "Qualifying planning advisory area" means a planning advisory area under Section 17-27a-306 that has a population density of 3,000 or more people per square mile within the boundaries of the planning advisory area.(4) "Surplus property" means land owned by a school district that: (a) was purchased with taxpayer money;(b) is located within a city or town that is an eligible entity or within a qualifying planning advisory area;(c) consists of one contiguous tract at least three acres in size; and(d) has been declared by the school district to be surplus.Renumbered from § 53A-2-402 by Chapter 3, 2018 General Session ,§ 78, eff. 1/24/2018.Amended by Chapter 352, 2015 General Session ,§ 120, eff. 5/12/2015.Enacted by Chapter 339, 2006 General Session