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Cb. 26 LAWS of MINNESOTA for 1991 48 ~ Qill: year of the execution of the alU'eement. The park ~ shall provide 1! resident of ~ manufactured home with 1! 45-dav ~ notice of the pur- chaser's intent to close the park Q!: convert i.! ~ another ~ The notice ~ ~ that the park ~ will provide information .Q!! the cash price and the ~ and conditions of the purchaser's offer ~ residents reQuesting the infor- mation. The notice must be ~ ~ first class mail ~ ! resident of ~ ~ factured home in ~ park. The notice period ~ .Q!! the postmark date affixed ~ the notice !ill! ends 45 days after 11 begins. During the notice period reQuired in this subdivision. the ~ of !!! least ~ percent of the manufac- tured homes in the Dark Q!: 1! nonDrofit ol'Ranization which has the written Der- mission of the ~ of !!! least ~ oercent of the manufactured homes in the Dark !Q reDresent them in the aCQuisition of the park shall have ~ right !Q ~ the cash Drice and ~ 1!!! alU'eement to Durchase the park for the purposes of keeping the Dark ~ 1! manufactured housing community. The Dark owner ~ acceDt the offer !f 11 ~ the cash Drice and the ~ ~ and conditions ~ forth in the Durchaser's offer except that the seller ~ !!Q! obligated to Drovide ~ financing. For Durposes 2f this section. cash Drice ~ the cash price offer Q!: eQuivalent cash offer.~ defined in section 500.24. subdivision ~ Dara- 8!!Qh @. Sec. 3. Minnesota Statutes 1990, section 327C.095, is amended by adding a subdivision to read: Subd. 7. INTENT TO CONVERT USE OF PARK AFTER PURCHASE. If the Durcha-;r of 1! manufactured home park decides !Q ~ the park to another use within ~ year after the purchase of the park. the purchaser ~ offer the park for purchase ~ the residents of the park. For purposes of this sub- division. the date of purchase ~ the date of the transfer 2f the title !Q the pur- chaser. The purchaser must provide 1! resident of each manufactured home with 1! written notice of the intent ~ close the park !ill! all of the ~ of !!! ~ ~ percent of the manufactured ~ in the park Q!: ! nonprofit organization which has the written permission of the ~ of !!! least .2! oercent 2f the manufactured homes in the park to represent them in the aCQuisition of the park shall have 45 days to execute 1!!! alU'eement for the purchase of the park!!!! ~ Drice eQual ~ ~ original purchase price paid !!y the purchaser Dlus !mY !!29!: mented expenses relating !Q the aCQuisition and imDrovement of ~ park I!!QI!: erty. together with !ID: increase in value due to aDDreciation of the Dark. The Durchaser must ~ the Durchase agreement at the Drice specified in this sub- division and ~ the cash Drice within 90 dayS of the date of the Durchase ~ ~ lli notice ~ ~ ~ !!y first class mail ~ ! resident of each manufac- tured home in the park. The notice period begins .Q!! the postmark ~ affixed ~ the notice and ends 45 dayS after !! begins. Sec. 4. Minnesota Statutes 1990, section 327C.095, is amended by adding a . subdivision to read: Subd. ~ REQUIRED FILING OF NOTICE. Subdivisions & and 1 !m!!:i ~ manufactured home. Darks uDon which notice has been filed with the county New language is indicated by underline. deletions by ~.