In the disposition of real property owned by the City and no longer needed for a public purpose, the following procedure shall be followed:
(a) The Mayor shall obtain authority from Council to advertise for sale in a newspaper of general circulation within the City once a week for not less than two (2) consecutive weeks, the address and legal description of the real property proposed to be sold. Such notice shall list thereon the City's appraised value of the real estate where practicable and shall invite proposal bids from all parties interested in purchasing the described property. The notice shall direct bidders to submit their proposals to the City within a given time period. Such bid notice shall also contain space for the bid price offered for such property, the bidder's proposed use of such property and any other specific criteria and/or information to be considered in evaluating the award of sale.
(b) Upon receipt of the bid proposals, the Mayor shall determine in his judgment which is the highest and best bid proposal. The factors to be considered in evaluating the bid proposals shall include price, proposed use of the property and all other relevant considerations including those criteria and information described in the notice of bid. The Mayor shall have broad discretion in evaluating bids submitted under the terms of this section. The Mayor may determine, in his discretion, to reject all bid proposals submitted and to re-advertise for bids pursuant to the terms of this section.
(c) Upon the Mayor’s determination that a bid proposal is acceptable, the Mayor shall recommend to Council that a contract be authorized for sale of the described real estate upon such terms and conditions as he deems proper.
(d) Should Council determine that the recommended bid proposal is acceptable, an ordinance shall be adopted directing the sale of such property.
(Ord. 130-1980. Passed 11-17-80; Ord. 153-2021. Passed 12-6-21.)