Resolution 1984 - Laserfiche WebLink

CB 817-326 RESOLUTION NO. 1984 A RESOLUTION RELATING TO THE DISPOSAL OF REAL PROPERTY SURPLUS TO THE CITY'S NEEDS AND PROVIDING POLICIES AND PROCEDURES FOR DECLARING SUCH PROPERTY OWNED BY THE CITY SURPLUS AND ESTABLISHING A DISPOSITION PROCEDURE THEREFORE. WHEREAS, the City of Everett has identified a need to develop consistent policies and standard procedures to make and carry out City decisions regarding re- tention or disposal of real property deemed surplus by any department; and NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EVERETT: Section 1: Declaration of Policy with Respect to Disposition of City-Owned property The Everett City Council hereby declares that it is not in the public interest for property owned by the City to remain economically nonproductive if it can be leased or sold for reasonable value and is not needed for some present or future municipal use. It is therefore declared to be the policy to reasonably dispose of real property that the City holds a fee interest to, by sale or lease where such property is declared to be surplus to its current or future needs and where such disposition would be expected to provide the City a reasonable return from the transaction. Section 2: Initiation of Surplus Property to Sale or Lease A. Sale Surplus action may be initiated by the City of Everett, other municipal corporations, governmental agencies, private corporations or individuals. If action is initiated by other than the City of Everett, a cash deposit in an amount so determined by the Real Property Manager shall be posted to cover all City costs of surplus property action. If successful bid exceeds appraised value, and after title to property has transferred, the applicant may request recovery of the deposit EXCEPT the City shall retain 50% of the actual cost of the surplus property transaction, including but not limited to appraisal, title insurance, recording costs, real estate commission and escrow fees, AND EXCEPT that no recovery shall exceed the difference between appraised value and successful bid amount. If there are no success- ful bids, the entire cash deposit shall be retained by the City of Everett.