(a) If the real property is needed for early public use, and therefore cannot be rented, the City Engineer shall first determine whether the improvements located upon the real property are capable of being moved to another location or of being salvaged. If the improvements are movable or salvageable the City Engineer shall offer said improvements for sale to the former owner by private sale, at the reasonable retention value of the improvements as previously determined by the City Engineer.
(b) If the former owner does not purchase the said improvements, the City Engineer may sell them at private sale to a public agency or public entity which may desire to purchase said improvements at said reasonable retention value.
(c) If neither the former owner nor another public entity purchase the improvements, the City Engineer may order the improvements to be sold to the highest bidder at public auction.
Said auction shall be held in the manner provided for by Section 7.24 of this Code, except that Council authority to hold said auction need not be obtained
(d) If it appears to the City Engineer, subject to the approval of the Board of Public Works, that sale by public auction of the improvements is not financially feasible, because the probable sale price of such improvements will be less than or nearly equal to the cost of administering the auction sale, the sale of said improvements or the right to salvage material therefrom may be made by a private sale, without notice of sale or advertisement for bids, at a price not less than the reasonable retention value, determined as aforesaid.
(e) Any sale pursuant to this section is to be confirmed by the Board of Public Works of the City of Los Angeles. The President of said Board is hereby authorized to execute any bill of sale or other document of title which may be required to transfer title to the said improvements.
(f) Nothing contained herein shall require the City Engineer to offer to sell or offer to Permit salvage of improvements when, in the City Engineer’s opinion, the improvements are not capable of being moved, and/or have a salvage value which is less than the cost of demolition.
(g) Any net proceeds from the rental of the premises or the sale of the improvements shall be credited to the source of funds for the acquisition of right-of-way for the project.
SECTION HISTORY
Added by Ord. No. 146,802, Eff. 5-16-74.
Subsecs. (a), (b), (c), (d), (f), amended by Ord. No. 152,427, Eff. 6-29-79.