§ 4.32.160. Same—Procedures

Real property of the city, except as provided otherwise in this article, and except land acquired by tax foreclosure, shall be sold or otherwise permanently disposed of as follows:

A. An estimated value of the property by a qualified appraiser or the assessor shall be made, or the city council may determine the fair market value by any other means it deems appropriate.

B. Land valued at under $25,000.00 shall be disposed of as follows:

1. The mayor may, if in his opinion it is in the best interests of the city to do so, recommend to the council that such parcels of land be sold. Such recommendation shall set out the development of the property, if the mayor determines such a plan to be necessary, the estimated value of the property as made by a qualified appraiser and the recommended terms and conditions of sale.

2. After receipt of the recommendations, the council may, by resolution, direct the sale or lease of such lands under such terms and conditions as it requires.

3. Notice of disposition and the manner in which the land is to be disposed of shall be published in a newspaper of general circulation within the city once each week for two successive weeks not less than 30 days prior to the date of disposal.

4. Notice shall also be posted in at least three public places within the city for at least 30 days prior to the disposal.

5. Notice may also be given by other means considered reasonable by the mayor or council.

6. The notice must contain a brief description of the land, its area and general location, proposed use, term, computed annual minimum rental or minimum offer, limitations, if any, and time and place set for the auction or bid opening if applicable.

7. The procedure for disposal shall be in a manner provided by ordinance. All disposals shall be conducted in a fair and impartial manner. Procedures for conducting all disposals shall be sent out in the noncode ordinance authorizing each disposal.

C. Sale or other permanent disposition of land valued at $25,000.00 or more shall be in the manner prescribed in this subsection except that:

1. Council action under subsection B.7 of this section shall be by ordinance; and

2. No disposition of land valued at $25,000.00 and over shall be valid unless ratified by a majority of the qualified voters voting at a regular or special election at which the question of the ratification of the ordinance is submitted. A notice stating the time of the election and the place of voting, describing the property to be sold, leased or disposed of, giving a brief statement of the terms and conditions of the sale and the consideration, shall be given by posting a copy of it in at least three public places in the city at least 30 days before the election.

(Prior Code, § 6.03.06; Ord. No. 87-05, part, 1987)