Whenever the City Council shall determine that real property owned by the City is no longer required for the use of the City, and that the public interest or necessity requires the sale thereof, said Council may by ordinance order the same to be sold. Such ordinance shall direct the City Clerk to cause Notice of Sale of such property to be published for three (3) days in a newspaper of general circulation, printed and published in this City, and said ordinance and said Notice of Sale shall specify the minimum price which will be accepted for said property, and the terms and conditions upon which the same will be sold. The ordinance shall also direct the City to post said Notice of Sale in a prominent and visible location on the real property to be sold not less than thirty (30) days prior to the sale. Said ordinance shall also state whether the sale of such property shall be by oral bid auction (Section 7.24), by sealed bid auction (Section 7.25), or by sealed bid with oral bids thereafter accepted (Section 7.26). The ordinance shall authorize the Mayor to execute a deed following confirmation of the sale and shall further authorize the Department of General Services to open an escrow and/or deliver the deed.
SECTION HISTORY
Based on Ord. No. 56,887.
Amended by: Ord. No. 92,767; Ord. No. 150,946, Eff. 7-17-78; Ord. No. 152,427, Eff. 6-29-79; Ord. No. 153,104, Eff. 12-9-79; “Bureau of Engineering” changed to “Department of General Services”, Ord. No. 171,496, Eff. 3-7-97.
Readopted by Ord. No. 173,281, Eff. 6-26-00, Oper-7-1-00.
Amended by: Ord. No. 181,595, Eff. 4-10-11.