2025 Session
Last amended: 2017 session
§ 216B.46 — Municipal Acquisition Procedures; Notice; Election
Plain-Language Summary
When a city acquires a utility, the price is determined by agreement or, if they cannot agree, by three appraisers.
216B.46 MUNICIPAL ACQUISITION PROCEDURES; NOTICE; ELECTION.
Any municipality which desires to acquire the property of a public utility as authorized under the provisions of section 216B.45 may determine to do so by resolution of the governing body of the municipality taken after a public hearing of which at least 30 days’ published notice shall be given as determined by the governing body. The determination shall become effective when ratified by a majority of the qualified electors voting on the question at a special election to be held on a date authorized by section 205.10, subdivision 3a.
History:
1974 c 429 s 46; 2017 c 92 art 2 s 15
History: History: 1974 c 429 s 46; 2017 c 92 art 2 s 15
Practical Notes
If a city and utility cannot agree on a purchase price, a panel of three appraisers determines fair value.