Real property belonging to the City shall be sold or leased pursuant to an ordinance, passed by Council authorizing such sale or lease, after a determination that such property is no longer needed for municipal purposes or, in those cases in which real estate is offered only for lease for a term, that it will not be needed for municipal purposes during the term of the proposed lease.
(a) Advertising for Bids. The sale or lease of real estate pursuant to this section shall be by competitive bid, except as otherwise provided herein. Bids shall be taken after advertising for three weeks in a newspaper published in the City.
(b) Improvements Required; Forfeiture. In those cases where bids are accepted for the lease and development of real estate or the sale and development of real estate, the conveyances shall contain appropriate provisions requiring the construction of the improvements described in the bid within the time limits set forth therein and a forfeiture of title to the City, if such provisions are not complied with.
(c) Form of Bids. The ordinance authorizing the sale or lease of any real property may provide for the submission of bids in any one or more of the following forms:
(1) For the purchase of real property only;
(2) For the purchase and development of the real property, in which event each such bidder shall be required to describe the improvements to be constructed on the real property, the minimum cost thereof and the time for the beginning and completion of construction thereof;
(3) For leasing such real estate, either for a term or perpetually, with or without an option to purchase; or
(4) For leasing such real estate, either for a term or perpetually, with or without an option to purchase, and the development thereof. Each such bidder shall be required to describe the improvements to be constructed on the real estate, the minimum cost thereof, and the time for the beginning and completion of the construction thereof.
(d) Consideration of Bids; City’s Rights Reserved.
(1) In those cases in which bids for the purchase of real property are the only bids received, Council shall, after it deems the bid price acceptable, authorize the City Manager to enter into a contract with the bidder whose proposed plans for the use of such property it considers most beneficial to the general public, for the conveyance of such real estate to such bidder.
(2) In all cases, the bids submitted shall be referred to Council and Council shall accept the bid which it considers best. In making the determination of the best bid, Council shall take into consideration the improvement, if any, to be constructed on the real estate by the bidder.
(3) In any event, the City shall in all cases reserve the right to reject all bids in the event that any bids submitted are unacceptable.
(e) If no bids are received after advertising for bids on two separate occasions, in accordance with subsection (a) hereof, the Council may employ an auctioneer to sell the property under this section.
(Ord. 04-20. Passed 8-16-04.)