Notice of sale of facility
- • contents
- • formation of tenants committee for purchasing facility
(1) An owner of a facility shall give written notice of the owners interest in selling the facility before the owner markets the facility for sale or when the owner receives an offer to purchase that the owner intends to consider, whichever occurs first.
(2) The owner shall give the notice required by subsection (1) of this section to:
(a) All tenants of the facility; or
(b) A tenants committee, if there is an existing committee of tenants formed for purposes including the purchase of the facility and with which the owner has met in the 12-month period immediately before delivery of the notice.
(3) The owner shall also give the notice required by subsection (1) of this section to the Housing and Community Services Department.
(4) The notice must include the following:
(a) The owner is considering selling the facility.
(b) The tenants, through a tenants committee, have an opportunity to compete to purchase the facility.
(c) In order to compete to purchase the facility, within 10 days after delivery of the notice, the tenants must form or identify a single tenants committee for the purpose of purchasing the facility and notify the owner in writing of:
(A) The tenants interest in competing to purchase the facility; and
(B) The name and contact information of the representative of the tenants committee with whom the owner may communicate about the purchase.
(d) The representative of the tenants committee may request financial information described in ORS 90.844 (Procedures for purchase of facility by tenants) (2) from the owner within the 10-day period.
(e) Information about purchasing a facility is available from the Housing and Community Services Department. [2014 c.89 §1; 2019 c.625 §26]
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information