LEASE OF CUSTOM BUILDING WITH OPTION TO BUY WAS SUBJECT TO COMPETITIVE BIDDING LAW
publication date: Nov 29, 2009
A lease-to-purchase agreement between a municipality and a private company was subject to competitive bidding statutes. The contract documents specified every aspect of construction and gave the municipality control over the work. The substance of the agreement was the municipality’s acquisition of a newly constructed building with public funds.
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