Chapter 3.32 DISPOSAL OR LEASE OF PUBLIC PROPERTY
Section 3.32.010 Procedures.
A. Upon the declaration of any
City property as surplus property, the City Council
may authorize the disposition of such surplus City property, including real or personal
property, subject to the provisions of this ordinance.
B. Unless provided otherwise by this ordinance, the disposition
of City surplus
property may be by public sale, private sale, exchange, option to purchase, lease, lease
with an option to purchase, trade-in, public auction, private auction, sale upon public
advertisement by sealed bid, or by any other lawful and reasonable means.
C. No disposition of surplus City property shall be made
for less than a fair market
value and consideration unless the City Council determines that it is in the best public
interest that disposition of City surplus property may be made for less than a full market
value. Consideration and fair market value may be in forms other than cash payment and
may include the exchange of property for services as may be reasonably determined by
the City Council.
D. The City Council shall designate that the Finance
Director shall maintain records
of the manner and date of the disposal of all City surplus property as well as the amount
and nature of consideration received for such property.
E. No lease or lease with an option to purchase of surplus
property shall be entered
without the prior consent of the City Council. (Ord. 79-4 § 8 (A))
(Ord. 2005-04, Amended, 02/02/2005, Prior Text)