(a) Council may sell any real estate owned by the Town, regardless of the value, without an auction or sealed bids by listing the property itself or by the use of a realtor and, in either case, by listing the real estate for sale on a national or statewide listing such as MLS or Zillow, for a minimum of thirty (30) days.
(b) Council may restrict the use of the property being sold and require specific development of the property to facilitate economic development projects and/or to provide necessary and convenient resource for the benefit of the residents of the Town. In doing so, Council may require the prospective purchaser to submit a plan with an overview of the proposed project, documents exhibiting the prospective purchaser's experience and expertise in developing the properties similar to the proposed project, and the purchaser's experience and expertise in operating similar projects.
(Passed 12-2-21.)