(A) For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
TRACT. Any area of land that is under common ownership and is contained within a continuous border as presently defined under I.C. 6-1.1-1-22.5 as amended.
(B) On those occasions when the city attempts to sell certain real estate pursuant to I.C. 36-1-11-4, as amended, and the disposing agent rejects all bids or there are no bids submitted to the disposing agent for its consideration, the city shall proceed as follows:
(1) Without any further public notice other than the ones required by I.C. 36-1-11-4(c) and I.C. 36-1-11-4(e), the disposing agent shall conduct negotiations and transfer of the real estate as follows:
(a) Without further appraisal or notice, the disposing agent shall offer to negotiate for the sale of the real estate with all abutting landowners whose identity and location can be determined through reasonable inquiry under the same terms and conditions as the original published notices except for the consideration to be paid.
(b) If more than one abutting landowner submits an offer to purchase the tract, the other abutting landowners who submit offers shall be informed of the highest bids received and be given an opportunity to submit additional offers. The real estate shall be sold to the eligible abutting landowner who submits the highest offer for the tract.
(2) If no eligible abutting landowner submits an offer to purchase the tract, the disposing agent may transfer the tract to any person who submits the highest offer for the tract except for a person who is ineligible to purchase the tract under I.C. 36-1-11-16, as amended.
(Ord. 654, passed 11-7-1988)