Ordinance 2168-96 - Laserfiche WebLink

• place at which it will be sold or offered for sale, the terms of sale, whether the property is to be sold at public or private sale, and if at public sale the notice shall call for bids, fix the conditions thereof and shall reserve the right to reject any and all bids. No real property of the city shall be sold for less then seventy percent of the value thereof as established by a written appraisal made not more than six(6) months prior to the date of sale by a disinterested person qualified in real estate valuations. The appraisal shall be signed by that person making the appraisal and filed with the city clerk, who shall keep it in his office open to public inspection. Any notice of intention to sell real property of the city shall recite the appraised value thereof. Any lease or conveyance of property other than by sale shall be made by the council only after publication of notice once a week for three (3) consecutive weeks in a newspaper of general circulation in the city, which shall describe the property, the nature of such lease or conveyance, the party to receive it, and the compensation being paid. is recommended to be changed to: Sale or Lease of Property. a. Real Property The council shall not authorize the sale of property belonging to the city unless it first determines, by a majority plus one vote of the council, that the property is not and will not be needed for city purposes, and the council gives notice of intention to sell as in this section provided. The council shall not so determine until it has received the approval of the mayor, and shall have given three (3) days notice to all Departments and shall have reviewed any recommendations received from such Departments. All sales shall be public in an initial offering, except that sales to other government entities may be by private sales. If a public sale initial offering results in no acceptable bids to the city, the city may sell the property through a private sale within six (6) months of the initial offering, for a price greater than or equal to the appraised value relied upon when it was offered in the public sale. The notice of intention to sell shall be published once a week for three (3) consecutive weeks in the city's official newspaper. The last publication shall be at least seven (7) days, but not more than thirty (30) days before the date of sale. The notice shall describe the property and state the time and place at which it will be sold or offered for sale, the terms of sale, whether the property is to be sold at public or private sale, and if at public sale the notice shall call for bids, fix the conditions thereof and shall reserve the right to reject any and all bids. No real property of the city shall be sold for less then ninety (90) percent of the appraised value thereof as established by a written appraisal made not more than six (6) months before the date of sale by a disinterested person qualified in real estate valuations and meeting the appraisal certification requirements acceptable to council. The appraisal shall be signed by that person making the appraisal and filed CHARTER AMENDMENT ORDINANCE Page 7