(a) In addition to the requirements of Chapter 272 of the Texas Local Government Code, as amended, and except as provided in Subsection (f) of this section, the city manager shall follow the procedures described in this section for the sale of real property other than property used as public right-of-way.
(b) If property has an estimated value of less than $100,000, the city staff shall make an appraisal of the property to determine fair market value. If property has an estimated value of $100,000 or more, the city manager shall obtain an independent appraisal of the property to determine fair market value. The appraisal shall be prepared for the city, and the appraiser shall be selected by the city manager.
(c) In order to publicize the availability of property for sale and to attract the attention of all potential buyers, at least 60 days before initiation of formal bid procedures, the city manager shall:
(1) prepare a notice of the contemplated offer for sale and descriptive information and send it to:
(A) all property owners within 200 feet of the property;
(B) real estate brokers known to be active within the immediate community; and
(C) neighborhood associations within the immediate community;
(2) place a “for sale” sign or signs on the property; and
(3) if the estimated value of the property is more than $100,000 and the property can be developed independently under the Dallas Development Code and the Dallas Building Code, place display advertising giving notice of availability of the property in appropriate newspapers or periodicals.
(d) If the property can be developed independently under the Dallas Development Code and the Dallas Building Code and there is evidence of an interest in the purchase of the property, the city manager shall initiate formal bid procedures in accordance with state law and send bid invitations to potential buyers.
(e) If the property cannot be developed independently under the Dallas Development Code and the Dallas Building Code or is otherwise exempted from bid procedures and publication requirements under state law and there is evidence of an interest in the purchase of the property, the city manager shall initiate negotiations for the sale of the property in accordance with Chapter 272 of the Texas Local Government Code, as amended.
(f) This section does not apply to:
(1) the sale or exchange of land to other governmental entities; or
(2) the sale of real property by public auction under Section 2-24.1 of this division.
(g) The procedures required by this section that are not required by state law may be waived or modified, by city council resolution, with respect to a particular parcel of land. (Ord. Nos. 17259; 17457; 20559; 28684)