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They get right-of-last-refusal on any offer. Meaning they pay whatever the investor was offering.
by matt4077 9y ago
They get right-of-last-refusal on any offer. Meaning they pay whatever the investor was offering.
- ikeboy 9y agoDoes the investor have a right to bid higher in that case?
- detaro 9y agoIf I understand it correctly, the district takes over at the price the investor signed a contract for. So no, they can't outbid the district afterwards, they only can put a higher bid initially, which they'll have to pay if the district doesn't make use of their interception right.