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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 value f <br />easements or access rights previously -paid for by the City or, <br />or reserved in a sale of City property. <br />I as provided in the Municipal Code <br />rider one of the following conditions: <br />• <br />• Negotiated Sales: Negotia <br />and this Disposition Policy, <br />o When a parcel is la <br />o When the sale to a <br />o When f intere<- <br />sales are <br />maybe a <br />or other required <br />=- --,aftera noticed oubl <br />7. LEASING OF�CITY REAL PROPERTTY , <br />There may be opportunities for the'Cityto <br />to the City. City property shall be consid <br />apply: <br />the removal of restrictive <br />her governmental agency <br />ous owner would'correct a site deficiency. <br />peline or other right-of-way is no longer required, it <br />s owner. ATestfictive pipeline easement of adequate <br />1.sements will be reserved from said sale. <br />public and quasi -public agencies submit acquisition <br />:horiied by a two-thirds (2/3) vote of the City Council <br />ng perMunicipal Code Section 2-709. <br />ase rather than sell its real property that results in a benefit <br />-ed for leasing when one or more of the following criteria <br />• The property is`noVrequired for current municipal use, but is to be held for possible future use <br />and can be leasedas 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 />60A-10 <br />