(A) Upon completion of its review of requests relative to the purchase or sale of city real estate, the Committee on Lands and Buildings shall report and make recommendations to the Board of Mayor and Aldermen on the following:
(1) The market value of the property as reported by the assessors.
(2) Whether the property is surplus to the needs of the city including the Director of Planning and Community Development's recommendations.
(3) The method, terms, and conditions of the sale including a minimum bid price where appropriate.
(B) If the recommended method of disposal is other than by public sale, the Committee shall specify the reason or reasons for such recommendation. The report shall address such other considerations as the Committee deems appropriate.
('71 Code, § 23½-8) (Ord. passed 4-4-89; Am. Ord. passed 2-7-09)