Whenever the Council shall determine that such sale shall be by sealed bids with the option to call oral bids following the opening of 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. Oral bids may thereafter be called for should the General Manager of the Department of General Services, or the Board, Commission, or Council determine, by majority vote after the opening of the sealed bids, that the receipt of oral bids is in the public interest. The Notice of Sale shall state that oral bids may be called for only at the discretion of the General Manager of the Department of General Services, the Board, Commission or Council which opens the bids. No sealed bid shall be considered unless accompanied by a 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. No oral bid will be considered unless prior thereto such deposit shall have been made by the bidder with the City Clerk, either accompanying the sealed bid or by delivering same to the City Clerk prior to the call for oral bids.
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.