(A) The Town Council shall not offer for sale or sell, any piece or parcel or real estate owned by the town, except pursuant to one or more of the following procedures:
(1) By advertising the real estate at least three times in a newspaper of general circulation in the metropolitan area, calling for sealed bids on the same, and reserving the right to reject any and all bids or to accept any bid most advantageous to the town;
(2) By advertising the real estate at least three times in a newspaper of general circulation in the metropolitan area, offering it for sale at public auction, with or without a minimum price; or
(3) By listing the real estate with a real estate broker licensed in the State of South Carolina at a minimum price after specific approval by Town Council. The price thereafter may be raised or lowered by resolution, duly passed by Town Council.
(B) This section shall not apply to sales to town-owned real estate to agencies processing the power of condemnation, or sales to public agencies for public purposes.
(Prior Code, § 2-60) (Ord. passed 11-21-1977; Ord. passed 6-17-2014)