2020/05/27 Council Agenda Packet

• Section 1: All of the real property described in Exhibit A is no longer required for City purposes, and is,therefore,declared to be surplus property. With respect to the real property in Exhibit A originally acquired for utility purposes,such real property is further resolved by City Council to be surplus to the City's needs and not required for providing continued public utility service. Section 2: The City Council authorizes the sale of the real property described in Exhibit A as follows,which the City Council deems in the best public interest: a) Propertie.s in Exhibit A originally acquired for utility purposes shall be sold for at least 100%of the appraised fair market values stated in the Recitals above and in Exhibit A. Other properties in Exhibit A shall be sold for at least 100%of the market value as established by written independent appraisal for the property or for such other reasonable and lawful terms and conditions the City Council determines to be in the best interests of the City;and b) The City may market and list some or all of the Exhibit A properties for sale with a licensed real estate broker so long as the listing or other agreement between the broker and the City is an agreement approved by City Council; and c) Some or all of the properties may be marketed and listed for sale by City staff; and d) The disposition of the real property described in Exhibit A is to be done in a commercially reasonable manner as determined by the City's real property manager; and e) The purchase and sale agreement for each Exhibit A property will be submitted to City Council for approval prior to closing of the sale of the property; and f) The City Council reserves the right to reject any proposed purchase and sale agreement for any Exhibit A property. Councilperson Introducing Resolution PASSED and APPROVED this day of , 2020. Council President INN `RESOLUTION Page 2 of 2 25