(A) The city may sell its real or personal property valued in excess of $1,000 for fair market value, but without public auction, provided that Council has made a factual determination that the property is to be used to facilitate economic development projects and/or to provide a necessary and convenient resource for the benefit of the citizenry.
(B) With respect to real property, fair market value may be determined by a real estate appraiser licensed by the state.
(C) Any proposed conveyance of city property pursuant to this section shall be published as a Class II legal advertisement in compliance with the provisions of W.Va. Code §§ 59-3-1 et seq., and the publication area for the publication shall be the city.
(D) Prior to the approval by the Council of any conveyance of city property pursuant to this section, the Council shall be provided with documentation evidencing that all project plans have been approved by all necessary and relevant state and/or municipal committees and departments, all necessary and relevant state and/or municipal permits are in place or are approved subject to purchase of the property, and funding for the project is secured.
(E) Any full- or part-time employee, elected official or their immediate family members, business partners or associates, are expressly prohibited from purchasing any public properly under this section except at public auction unless otherwise prohibited by statute.
(Ord. 230, passed 3-2-2017)