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City real property, including buildings, fixtures and machinery therein, shall be sold in the manner prescribed in subdivision b of section three hundred eighty-four of the charter pursuant to a resolution adopted by the board of estimate, and such sale shall be under the sole supervision of such board. In case such buildings, fixtures and machinery be sold at public auction, the board of estimate may provide as a condition of such sale that such buildings, fixtures or machinery shall not in any case be relocated or re-erected within the lines of any proposed street or other public improvement, and if after such sale such buildings or parts of buildings or other structures be relocated or re-erected within the lines of any proposed street or other public improvement, title thereto shall thereupon become vested in the city and a resale at public or private sale may be made in the same manner as if no prior sale had been made of the same.
The board of estimate is authorized, upon the application of the board of education duly authorized and certified, to sell at public auction at such times and on such terms as they may deem most advantageous for the public interest, any land or lands and the buildings thereon, owned by the city, occupied or reserved for school purposes, and no longer required therefor. No property, however, shall be disposed of for a less sum than the same may be appraised by the board of estimate, or a majority of them, at a meeting to be held and on an appraisement made within two months prior to the date of the sale. At least thirty days notice of such sale, including a description of the property to be sold, shall be published in the City Record.
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