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with the city clerk, who shall keep it available and open to public inspection, from <br /> the period of publication of the notice of intention to sell until the date specified <br /> therein for the sale or offering of sale. Any notice of intention to sell real property <br /> of the city shall recite the appraised value thereof. <br /> Any lease or conveyance of property other than by sale shall be made by the <br /> council only after publication of notice as provided by council or once a week for <br /> three (3) consecutive weeks in a newspaper of general circulation in the city, which <br /> shall describe the property and state the time and place at which the leasing or <br /> conveyance decision will be made, the nature of such lease or conveyance, the party <br /> to receive it, and the compensation being paid. <br /> b. Personal Property <br /> The council shall not authorize the sale of personal property belonging to the <br /> city unless it first determines, by a majority plus one vote of the council, that the <br /> property is not and will not be needed for city purposes, and the council gives notice <br /> of intention to sell as in this section provided. <br /> All sales shall be public, except for scrap or sales to other government entities <br /> which may be by private sales. Sales to other government entities shall be at fair <br /> market value unless otherwise declared by council to be in the best interests of the <br /> public. <br /> Scrap is equipment or material which cannot serve its original purpose. Scrap <br /> may be sold by private sale at prices established by current market conditions. <br /> Trade-ins of old equipment to upgrade equipment of the same or reasonably <br /> related kind are permitted when it is in the best interests of the city. <br /> The notice of intention to sell at a public sale shall be published once a week for <br /> two (2) consecutive weeks in the city official newspaper immediately prior to the <br /> sale. The notice shall state the time and place at which the property will be sold. <br /> PROPOSITION#5 <br /> Shall Charter Sec. 15.8 be changed to permit the city to sell real property through <br /> private sale if an initial public offering results in no acceptable bids; to require that no real <br /> property be sold for less than 90 % of appraised value; and requiring a vote of a council <br /> majority plus one before sale of any city personal property? <br /> CHARTER CHANGE YES <br /> CHARTER CHANGE NO <br /> CHARTER AMENDMENT ORDINANCE Page 8 <br />