(a) If the real property was acquired for purposes of creating a right-of-way, whether highway or utility, and the excess real property is not used for a public purpose, and is appraised as having a current fair market value of twenty-five thousand dollars ($25,000.00) or less, the City may sell the property to an abutting owner through a private sale at a price not less than the appraised value. If there is more than one abutting owner, the Mayor may invite all of those owners to submit sealed bids, and may sell the real property to the highest bidder at not less than two-thirds (2/3) of the appraised value. If there are no interested bidders, the City may transfer the property to an abutting owner for the cost of recording the deed. Such action shall require authorization by not less than five (5) members of Council.
(b) If the real property was transferred to the City though the Landbank Program authorized in Chapter 3722 of the Ohio Revised Code, or by the State in accordance with Chapter 153 of the Ohio Revised Code, or by gift, forfeiture or escheatment, that property may be sold without competitive bidding at such times, to such persons, and upon such terms and conditions as the City deems necessary or appropriate to ensure the utilization of the real property. Any authorization to sell such real property shall be by Ordinance adopted by not less than five (5) members of Council, and shall include the terms and conditions of such sale. The City may elect to either retain such land for public use, or sell, lease or otherwise transfer any such land, or part thereof, to any grantee.
(c) If any real property owned by the City is appraised as having a current fair market value in excess of twenty five thousand dollars ($25,000.00), the real property shall only be sold in the manner outlined in Section 259.02. This subsection (c) shall not apply to any real property to be sold pursuant to Section 259.04.
(Ord. 42-2013. Passed 6-11-13.)