The Village Council, in its discretion, may decide to dispose of real property in any one of the following ways.
(A) Bids or auction. The village shall publish notice of its intent to accept bids from prospective purchasers. The Village Manager or his or her designee shall tabulate all bids received and shall present them to the Village Council for consideration. In evaluating each bid, the Village Council is not required to accept the highest bid, but may also consider proposed contingencies of any offer, the bidder’s financial resources to complete the sale, and any other factors the Village Council deems appropriate. The Village Council reserves the right to reject any and all bids.
(B) Real estate broker. The village may retain a real estate broker to advertise property for sale. The broker must be selected in accordance with village policies for hiving of consultants and applicable state and local laws pertaining to conflicts of interest. The broker shall advertise the property for sale, accept offers for the property, and negotiate with potential buyers in order to increase the final sales price, reduce proposal contingencies, and to ensure the bidder’s sufficient financial resources to complete the sale. The broker shall then present all bona fide offers to Village Council for consideration. The Village Council reserves the right to reject any and all offers to purchase.
(1984 Code, § 1-09-030) (Ord. 428, passed 11-20-2013)