(a) The city may dispose of real property or an interest in real property which has been found to be no longer necessary for municipal purposes. All disposal shall be by resolution. The resolution shall include:
(1) A finding that the real property or interest in real property is no longer necessary for municipal purposes and a statement of facts upon which such a finding is based;
(2) A legal description of the property;
(3) Type of interest in property to be disposed of as defined in § 8.10.110;
(4) The purpose of the disposal;
(5) The method of disposal as identified in § 8.10.070;
(6) The value of the property or the value of the interest in property as determined under division (b) or this section;
(7) The procedure for conducting the disposal and the time, place and manner in which the proposed disposal shall occur.
(b) The value of the property or interest in property shall be fair market value as determined by an appraisal prepared by a qualified appraiser or assessor, or the City Council may determine the fair market value by any other means it deems appropriate.