60A - PROPERTY DISPOSITION POLICY

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Attachment A – Municipal Code on Sale of Real Property Sec. 2-706. - Sale of real property—Procedure. After authorization by the council of the sale of a parcel of real property, a sale shall be scheduled and conducted by the director of public works or by his designated deputy. All sales shall be made to the highest bidder subject to final confirmation by the council. Notice that such sale is to be conducted shall be given by publication at least once in a newspaper of general circulation printed, published, and circulated in the city and by sending written notice to all persons who had requested notice and to all persons suggested by department heads as prospective bidders, such notice to be published and mailed at least ten (10) days prior to the date of sale. Sealed bids may be required or oral bids may be provided for. Sealed bids or written offers to purchase must be accompanied by a deposit of one (1) percent of the amount of the minimum bid in the form of cash, or by cashier's or certified check. If oral bids are permitted, after any sealed bids are opened and any written bids are announced, any person present may submit an oral bid provided that any bid may be disregarded which does not exceed the highest bid theretofore made by at least one (1) percent of such highest bid. The successful bidder must deliver immediately following the declaration of sale, a written statement of his bid signed by the bidder, together with an initial deposit of ten (10) percent of the amount of his bid. The deposit may be in the form of a personal check provided such check is replaced before the close of business on the following business day by cash or by cashier's or certified check. Failure to deposit such written statement of bid or said ten (10) percent of the bid price in the manner stated may be considered a withdrawal of the bid. If a personal check is not replaced as required, a forfeit of one (1) percent of the sales price, as stated in the written statement of the bid, shall be required. The purchase of the property may then be offered to the second highest bidder of record. (Code 1952, § 2613; Ord. No. NS -128, § 1, 8-15-55; Ord. No. NS -1265, § 1, 8-4-75) Sec. 2-706.1. - Same—Sale only to owners of adjoining property. Upon the written recommendation of the city manager, the council may determine that the property being offered for sale can have real value only to a certain owner or owners of adjoining property and could be used by other persons only for the purpose of nuisance value to such owners of adjoining or abutting property. After such determination has been made as next hereinabove provided for, the council may by direct negotiation, provide for the sale of the real property covered thereby, without compliance with the auction, public sale, or method of payment requirements in this article provided for. (Ord. No. NS -1265, § 2, 8-4-75)