(a) The City of Martinsburg may convey real or personal City property to nonprofit organizations for less than fair market value, and without public auction, when the nonprofit organization is providing services that benefit the public and which are services that the City could lawfully provide; provided that City Council has made a factual determination that:
(1) There is a lack of need for such property by the City in comparison to the benefit to the City if property is conveyed; and
(2) There is a demonstrable need for such property by the nonprofit organization to be able to perform the services benefiting the public.
(b) In the event the nonprofit organization should cease to provide such services to the public, the property shall by operation of law, revert to and vest in the City, and such nonprofit organization shall thereafter have no right, title, or interest therein or thereto.
(c) Any deed or other instrument of property transfer executed pursuant to this Section 114.03 shall contain the reversion wording in Section 114.03(b).
(Ord. 2014-22. Passed 12-18-14.)
(Ord. 2014-22. Passed 12-18-14.)