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discretion on use. Application of disposition proceeds toward "one time' expenditures, <br />such as deferred maintenance in parks and community centers, and other possible one <br />time uses, should be prioritized. <br />• Use of Real Estate Brokers: Real estate brokers may be used to represent the City in <br />the sale of its properties. Brokers will be selected for individual assignments through <br />Requests for Proposals (RFP) or Requests for Qualifications (RFQ) and a subsequent bid <br />or other methods that result in the City receiving the services of a qualified broker at <br />the best value to the City. If the property is listed with a broker, the City reserves the <br />right to exclude from the listing agreement potential buyers whose interest in <br />purchasing a property has been made a part of the record prior to the execution of the <br />listing agreement. All brokerage arrangements shall conform to Section 2-707 of the <br />Municipal Code. " <br />• Easements: The City will receive current -fair market valt e,for the removal of restrictive <br />easements or access rights previously paid for by the City or of he r governmental agency <br />or reserved in a sale of City property.'., _ \ <br />• Negotiated Sales: Negotiat <br />and this Disposition Policy, a <br />o When a parcel is Ian <br />o When the sale to al <br />o When a fee interest <br />maybe so`Id to a con <br />width or other requ <br />sales are'p emitted as provided irn the Municipal Code <br />may be approyed;under one of the following conditions: <br />o Whenbthergbvernmental, <br />r - .atter a noticed pub <br />7. LEASING OF CITY REAL PROPERTTY <br />There may be Opportunities forthe'City to' I <br />to the City. City'p operty shall be c Inside <br />apply: \\ <br />us owner would'correct a site deficiency. <br />aline or other right bf-way is no longer required, it <br />owner'. A'restrictive pipeline easement of adequate <br />�ments will be reserved from said sale. <br />)ublic and quasi -public agencies submit acquisition <br />oriied by a two-thirds (2/3) vote of the City Council <br />R oer- Municioal Code Section 2-709. <br />rather than sell its real property that results in a benefit <br />for leasing when one or more of the following criteria <br />• The property is hot'required for current municipal use, but is to be held for possible future use <br />and can be leased as an'interim measure. <br />• The City requires substantial control over development, use and reuse of the property. <br />• The property has the immediate potential of a high return to the City because of its high <br />demand and type of use, such as commercial and industrial land. <br />• The property can be efficiently utilized by a provider of services needed by the City. <br />• The property can be leased to promote a substantial economic development opportunity. <br />• The property can only be leased because of legal restraints. For example, property acquired <br />with Land and Water Conservation funds or held as dedicated park land. <br />Lessee Selection: Competitive offers for lease of City property shall be solicited in the open market. <br />This may be accomplished through a number of marketing techniques, such as Request for Proposals <br />N <br />60A-10 <br />