(a) The director shall submit a draft resolution to the council containing the following information before city surplus or nonsurplus real property, with an assessed value of more than $1,000,000, is marketed:
(1) A description of the property, including its size, location, existing zoning, and any city facilities or improvements on the property;
(2) The assessed value of the property;
(3) A marketing plan or approach that describes how the property will be marketed, including the manner of advertising the property’s availability, the extent of any planned local, national, or international advertising or other marketing efforts and a copy of any proposed brokerage agreement with a real property brokerage firm for the sale of the property; and
(4) Any conditions or restrictions which the director proposes to be applicable to the property upon its sale, including permitted uses of the property; height restrictions; preservation of view planes; landscaping; preservation of existing structures; maintenance of existing public facilities, including parking; retention of existing rental housing units, elderly or special needs housing units, moderate-income housing units, low-income housing units, very low-income housing units, or extremely low-income housing units, if applicable; and any other proposed conditions or restrictions.
(b) The council may adopt the resolution in the form transmitted by the director, or with additional conditions or restrictions. Upon the adoption of the resolution, the director may proceed with the marketing of the property. No resolution for the sale of city property, as described in § 37-1.6, shall be considered by the council, unless the resolution described in this section has first been approved.
(1990 Code, Ch. 37, Art. 1, § 37-1.11) (Added by Ord. 04-11)