Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Municipal: means of or relating to a municipality. See Utah Code 10-1-104
Municipality: means :
(a)
a city of the first class, city of the second class, city of the third class, city of the fourth class, city of the fifth class;
a metro township as that term is defined in Section 10-2a-403 unless the term is used in the context of authorizing, governing, or otherwise regulating the provision of municipal services. See Utah Code 10-1-104
Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
Before holding an election under Subsection 10-7-15(1)(a)(ii), the municipal legislative body shall open to bid the sale or lease of the property mentioned in Section 10-7-15.
(b)
The municipal legislative body shall publish notice of the bid process for the municipality, as a class A notice under Section 63G-30-102, for at least three consecutive weeks.
(c)
The notice described in Subsection (1) shall:
(i)
give a general description of the property to be sold or leased;
(ii)
specify the time when sealed bids for the property, or for a lease on the property, will be received; and
(iii)
specify the time when and the place where the bids will be opened.
(2)
(a)
As used in this section and in Section 10-7-17, “responsible bidder” means an entity with a proven history of successful operation of an electrical generation and distribution system, or an equivalent proven history.
(b)
Subject to Subsection (2)(c), a municipal legislative body may receive or refuse to receive any bid submitted for the sale or lease of the electrical works and plant.
(c)
A municipal legislative body may not receive a bid unless the municipal legislative body determines that the bid is submitted by a responsible bidder.
