The City Council may exercise its executive authority and authorize by resolution the disposal, including by sale, lease, or other lawful manner, of real property for the benefit of the City as provided by Utah Code Annotated section 10-8-2, as amended. A significant parcel of real property is a parcel greater than one (1) acre or that has a reasonable value in excess of one hundred thousand dollars ($100,000.00).
A. The City Manager shall make an initial determination that real property is surplus. Surplus real property may include real property that is not needed for City infrastructure, property where the cost to maintain the property outweigh its value to the City, is part of a property trade that will benefit the City, the sale of which will realize significant financial benefits to the City, or the disposal of which is otherwise in the public interest.
B. Before the City may dispose of a significant parcel of real property, the City shall provide notice as required in subsection 3-3-090D of this chapter; and hold a public meeting at which the City Council accepts public comment on the proposed disposition.
C. All disposal, leases, or subleases of such real property of the City other than a significant parcel of real property, shall be made, as nearly as possible, under the same conditions and limitations as required by this chapter for the purchase of property including notice and bidding procedures.
D. The City Council may also authorize at its discretion and under such terms and conditions as it may deem desirable, fair and appropriate, considering intended use, property tax value and the interests of the City, the sale of any surplus property, through public auction or other method designed to best serve the interests of City residents and produce a fair return; the trade or exchange or any surplus property; and the lease or sublease of any surplus property. (Ord. 1257, 5-2-2017)