Bill Text: MS HB904 | 2016 | Regular Session | Introduced
Bill Title: University of Mississippi Medical Center; authorize to lease property with approval of IHL to the American Cancer Society.
Spectrum: Bipartisan Bill
Status: (Passed) 2016-05-13 - Approved by Governor [HB904 Detail]
Download: Mississippi-2016-HB904-Introduced.html
MISSISSIPPI LEGISLATURE
2016 Regular Session
To: Public Property
By: Representative Weathersby
House Bill 904
AN ACT TO AUTHORIZE THE UNIVERSITY OF MISSISSIPPI MEDICAL CENTER, WITH THE APPROVAL OF THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING, TO LEASE A CERTAIN PORTION OF ITS PROPERTY THAT IS LOCATED IN THE CITY OF JACKSON, MISSISSIPPI, FOR A TERM OF NO MORE THAN 40 YEARS; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. (1) The University of Mississippi Medical Center (UMMC), with the approval of the Board of Trustees of State Institutions of Higher Learning, is authorized to enter into an agreement to lease a part of its real property to the American Cancer Society for the purpose of providing temporary housing to cancer patients and their families and for the use of associated administrative office space for a term of no more than forty (40) years. The property is located in the City of Jackson, Hinds County, Mississippi, such parcel to be leased to be more particularly described in the agreement as determined by the University of Mississippi Medical Center and approved by the Board of Trustees of State Institutions of Higher Learning.
(2) The lease may include an option to renew for no more than one (1) successive term of twenty (20) years.
(3) The lease of the real property described in subsection (1) of this section shall consist of an American Cancer Society Hope Lodge and an associated office building, which, at a minimum contain:
(a) Approximately eight thousand (8,000) square feet of office space;
(b) Approximately twenty-four thousand (24,000) square feet of lodging space containing approximately thirty-five (35) temporary residential units;
(c) Surface parking; and
(d) Landscaping and green space buffers.
(4) The lease and any amendments to the lease shall be subject to the approval of the Board of Trustees of State Institutions of Higher Learning.
(5) All proceeds derived or received from all leases entered into under this section shall be deposited in a special fund for the use and benefit of the University of Mississippi Medical Center.
SECTION 2. This act shall take effect and be in force from and after its passage.
