(1) "Eligible entity" means: (a) a city or town with a population density of 3,000 or more people per square mile; or (b) a county whose unincorporated area includes a qualifying planning advisory area.

(a) a city or town with a population density of 3,000 or more people per square mile; or

(b) a county whose unincorporated area includes a qualifying planning advisory area.

(2) "Purchase price" means the greater of: (a) an amount that is the average of: (i) the appraised value of the surplus property, based on the predominant zone in the surrounding area, as indicated in an appraisal obtained by the eligible entity; and (ii) the appraised value of the surplus property, based on the predominant zone in the surrounding area, as indicated in an appraisal obtained by the school district; and (b) the amount the school district paid to acquire the surplus property.

(a) an amount that is the average of: (i) the appraised value of the surplus property, based on the predominant zone in the surrounding area, as indicated in an appraisal obtained by the eligible entity; and (ii) the appraised value of the surplus property, based on the predominant zone in the surrounding area, as indicated in an appraisal obtained by the school district; and

(i) the appraised value of the surplus property, based on the predominant zone in the surrounding area, as indicated in an appraisal obtained by the eligible entity; and

(ii) the appraised value of the surplus property, based on the predominant zone in the surrounding area, as indicated in an appraisal obtained by the school district; and

(b) the amount the school district paid to acquire the surplus property.

(3) "Qualifying planning advisory area" means a planning advisory area under Section 17-27a-306 that has a population density of 3,000 or more people per square mile within the boundaries of the planning advisory area.

(4) "Surplus property" means land owned by a school district that: (a) was purchased with taxpayer money; (b) is located within a city or town that is an eligible entity or within a qualifying planning advisory area; (c) consists of one contiguous tract at least three acres in size; and (d) has been declared by the school district to be surplus.

(a) was purchased with taxpayer money;

(b) is located within a city or town that is an eligible entity or within a qualifying planning advisory area;

(c) consists of one contiguous tract at least three acres in size; and

(d) has been declared by the school district to be surplus.