Ordinance 2935-06 - Laserfiche WebLink

If the City proposes to sell real property that has a value estimated to be more than $50,000, and if the sale, or conveyance is to another governmental entity, the provisions of RCW chapters 39.33 and 39.34 shall apply, including a public hearing and certain notice provisions. If the real property was originally purchased for utility purposes, the provisions of RCW 35.94.040 shall apply, including its provisions for a resolution and a public hearing. Section 3. Public bid not required. The City Council may, by resolution, direct the City to engage in a public bid process prior to the sale of City-owned real property. The procedures and criteria to be used in the public bid process for the sale of such property shall take into consideration the best interest of the City as well as the nature of the property to be conveyed or sold and shall be set forth in the resolution directing the specific bid process. In the absence of a resolution directing the use of a public bid process, the City is not required to engage in a public bid process prior to the sale of real property. In the case of any sale of City-owned real property, the City may sell the property upon whatever reasonable and lawful terms and conditions it determines are appropriate. The City shall reserve the right to reject any and all bids or proposals. Section 4. Fair Market Value of real property to be determined prior to sale. The City shall determine the fair market value of any real property prior to its sale, based on the certified appraisal report of a state licensed and qualified appraiser who shall prepare the report in conformity with the Code of Professional Ethics of the Appraisal Institute and the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation. No real property of the City shall be sold for less than 90% of such appraised value. Section 5. Sale to be conducted in a commercially reasonable manner. The City shall conduct the sale or disposition of any City-owned real property in a commercially reasonable manner as determined by the City's Real Property Manager. Section 6. Elected officials and employees not to benefit from sale. It is recognized that City Council members and the Mayor are prohibited by state law from benefiting from the sale or disposal of the public assets of the City. Any City employee or City elected official involved in the decision to sell or dispose of a City asset, or involved in administering the sale or disposition of a City asset, shall not benefit from the sale or disposition of such asset. Section 7. Repeal of Resolution No. 1984. 2