*(Vetoed June 7, 1996. Veto sustained June 24, 1996.)
AN ACT AUTHORIZING A PUBLIC-PRIVATE PARTNERSHIP FOR THE DEVELOPMENT OF A PROJECT ON THE CENTRAL CONNECTICUT STATE UNIVERSITY CAMPUS.
Be it enacted by the Senate and House ofRepresentatives in General Assembly convened: (a) The Board of Trustees of the ConnecticutState University System may lease a tract of landand contract with a private developer for thedevelopment of a project on the south side of EllaGrasso Boulevard on the Central Connecticut StateUniversity campus, and shall have final approvalof such project, in accordance with the provisionsof this section.
(b) If the board proceeds with such project,it shall require said university to issue arequest for proposals which describes the termsand conditions of the project and sets forth thecriteria for the selection of the developer, whichshall include, but not be limited to, the projectcost and the creditworthiness and financialstability of the developer. The university shallaward the contract to the developer whose proposalis most advantageous to the state, in accordancewith such criteria.
(c) Any such contract shall include, but notbe limited to, authority for (1) the university tolease a parcel of land on the campus to thedeveloper for such project, (2) the developer toconstruct one building which complies with allapplicable federal and state laws and regulationson the parcel of land, (3) the developer to post aperformance bond and have adequate insurance forthe project, (4) the university to be required tomonitor such construction and enforce theprovisions of the contract, (5) the developer tolease a portion of the building or buildings tocommercial or nonprofit tenants for the period oftime needed by the developer to recoup itsinvestment in the construction and operation ofsuch building or buildings, (6) the board and theuniversity to approve such tenants, (7) thedeveloper to make a portion of such building orbuildings available for occupancy by CentralConnecticut State University at no charge duringsuch period, and (8) the developer to convey itsinterest in the building or buildings at the endof such period to the university.
Vetoed June 7, 1996. Veto sustained June 24, 1996.[footer.htm]