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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.
Whenever the Council shall determine that such sale shall be by oral bid at public auction, the auction may be held at such time and place as the Council shall specify in the Notice of Sale. No bid shall be considered unless such bidder shall, prior to the holding of the auction, deposit with the auctioneer or with another authorized person identified in the published notice at least ten percent (10%) of the amount specified in the Notice of Sale as the minimum price, or the sum of $10,000.00, whichever is less, in cash, cashier’s check or certified check as a guarantee that the person making such bid will purchase and pay for such property upon the terms and conditions specified in the Notice of Sale.
SECTION HISTORY
Based on Ord. No. 56,887.
Amended by: Ord. No. 92,757; Ord. No. 150,946, Eff. 7-17-78.
Whenever the Council shall determine that such sale shall be by sealed bids, all such sealed bids shall be identified by location on the face of the envelope and shall be filed with the City Clerk at or before the time specified in the Notice of Sale. The City Clerk shall present all such sealed bids to the General Manager of the Department of General Services, or the Board or Commission designated to receive such bids, or to the Council should the Council have so ordered. Said bids shall be presented after the expiration of the time for the submission of bids. The bids shall thereupon in public session be opened, examined and declared. No bid shall be considered unless accompanied by cash deposit, cashier’s check or certified check in an amount not less than ten percent (10%) of the amount specified in the Notice of Sale as the minimum price, or the sum of $10,000.00, whichever is less, as a guarantee that the person making such bid will purchase and pay for such property upon the terms and conditions specified in the Notice of Sale.
SECTION HISTORY
Based on Ord. No. 56,887.
Amended by: Ord. No. 92,757; Ord. No. 150,946, Eff. 7-17-78; Ord. No. 171,496, Eff. 3-7-97.
Readopted by Ord. No. 173,281, Eff. 6-26-00, Oper-7-1-00.
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