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 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 practical 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 evaluate such bids. 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.
(c) The Mayor shall report all bids received to Council, together with his or her recommendations.
(d) No real estate belonging to the city shall be sold or leased except pursuant to an ordinance adopted by Council and setting forth:
(1) The identity of the successful bidder;
(2) A description of the real estate to be sold or leased;
(3) A finding that the real estate is not needed for public use;
(4) The reason for selling or leasing the real estate; and
(5) The kind of conveyance or lease to be given by the city.
(Ord. 7882, passed 6-16-1987)