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Public Hearing - Sale of Surplus Property <br />January 7, 2008 <br />Page 2 <br />The sale is in accordance with Section 2-709 of the Municipal Code <br />which provides for a direct sale without the necessity for <br />competitive bidding with a two-thirds vote of approval by the City <br />Council. Staff recommends the sale of the property. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />The $400 land sale proceeds will be received into the General Fund <br />into the Sale of Property Account (account no. 11-01-5721). <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />James G. Ross Francisco utierrez <br />Executive Director Executive Director <br />Public Works Agency Finance & Mgmt. Services Agency <br />75A-2 <br />