2-157-050 Purchase price required – Sale procedures.
   The Department is authorized to prepare applications designed to provide all the information needed by the City to fairly and completely evaluate proposals for participation in the Program. The purchase price for each City Parcel shall be One Dollar ($1.00). A Qualifying Property Owner may not purchase pursuant to the Program more than two (2) City Parcels per parcel of real property that the Qualifying Property Owner owns on the same Block as the City Parcels. Completed applications which conform to the requirements of the Program, as determined and identified by the Department, shall be submitted by the Department to the City Council and shall thereafter be referred to the City Council committee having jurisdiction over the disposition of City-owned real estate; provided, however, the Department shall not submit at a City Council meeting more than one completed application per City Parcel. If the Department receives complete applications from more than one Qualifying Property Owner for a particular City Parcel, then the Department will select the application to submit to City Council based on a random (e.g., blind lottery) selection process; provided, however, if only one of the complete applications was submitted by a Qualifying Property Owner who owns a parcel of land adjacent to the City Parcel, then the Department will submit such Qualifying Property Owner's application to the City Council. The applications shall be promptly placed on the committee's agenda and a public hearing shall be held within a reasonable time thereafter. The committee shall promptly consider the applications and then forward its recommendation(s) to the City Council. The City Council may authorize or reject the proposed conveyance of the City Parcel(s) to a Qualifying Property Owner by a majority vote.
(Added Coun. J. 12-10-14, p. 100328, § 2)