[HISTORY: Adopted by the Common Council of the City of Rensselaer as indicated in article histories. Amendments noted where applicable.]
Disposition of real estate or franchises — See § 88.
Sale of real property to satisfy tax liens — See Title IX.
Arrears sale — See Title X.
Taxation — See Ch. 155.
[Adopted 12-2-1987 by Res. No. 185; amended in its entirety 5-21-2008 by L.L. No. 2-2008]
It henceforth shall be the policy of the City of Rensselaer to offer for sale vacant land acquired by in rem foreclosure to abutting landowners at fair value, subject to such terms and conditions as may be deemed appropriate on a case-by-case basis by the Common Council, as long as such abutting landowners are in good standing with the City, meaning, more specifically, that such abutting landowners are not delinquent on their property taxes or in violation of any applicable codes, rules and regulations of the City of Rensselaer. Such offer of sale to abutting landowners must be accepted in writing to the City Clerk within two weeks of the date of offer, and sale must be completed within 60 days of the date of offer. In the event that more than one abutting landowner files a timely written acceptance, the City shall conduct a limited bidding process consisting of the interested abutting landowners, with sale to be to the highest bidder thereat. In the event that no written timely acceptance is filed by any abutting landowner, the Common Council may thereafter administer and/or sell such vacant land in such manner as the Common Council deems to be in the best interests of the City of Rensselaer. This article shall not apply to any properties containing a structure thereon. Any properties containing a structure thereon shall not be required to be offered to abutting landowners prior to administration and/or sale thereof.