Ordinance 2924-06 - Laserfiche WebLink

Section 17: Delete Section 14.10. which reads as follows: Section 14.10 of the Everett City Charter, Officials Not to Buy or Sell Bonds or Warrants. Neither the treasurer, nor mayor, nor any councilman, nor any official or employee connected with the office of the treasurer or clerk, shall purchase or sell any bonds or warrants of the city, except in his official capacity as provided in this charter; provided that he may sell warrants issued to him for services performed. is recommended to be deleted. PROPOSITION #15 Shall Everett Charter Section 14.10 which relate to the prohibition of city officials and employees in the treasurers or clerks office from dealing in bonds be deleted because such prohibition are covered in proposed changes in Charter Section 4.5 (Proposition 5)? CHARTER CHANGE YES........... ❑ CHARTER CHANGE NO ............. ❑ Section 18: Change to Section 15.8. Section 15.8 of the Everett City Charter, which reads as follows: 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 than 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 with the city clerk, who shall keep it available and open to public inspection, from the period of publication of the notice of intention to sell until the date specified therein for the sale or 14