1-10-13: TRADE OF REAL PROPERTY:
If the city council determines that the real property declared surplus under this section could be sold for a greater consideration or benefit to the city if something other than cash were taken as consideration, then the city council may invite prospective purchasers to tender consideration either in cash or in-kind or a combination of both. Upon receipt of a bid tendering consideration in-kind and if the city council considers such bid to be the best offer made, prior to accepting such a bid the city council may request a report from the purchasing officer, setting forth his or her reasons for thinking the in-kind bid has the most value to the city. This report shall be made to the city council at a regular council meeting and the report shall remain open to public inspection. Before accepting any bid containing in-kind consideration, adequate appraisals may be required by one or more qualified appraisers. If the city council finds that the bid containing the in-kind consideration has more value or benefit to the city than any other bid submitted, the city council may accept the bid containing in-kind consideration. However, real property deemed to be surplus should not be traded unless the property received is of equivalent value as determined by an appraisal unless there is an express authorization by the city council for trading for property of a lesser value. (Ord. 10-10, 11-18-2010)