[HISTORY: Adopted by the Town Board of the Town of Stockport as indicated in article histories. Amendments noted where applicable.]
[Adopted 1-2-1991 by L.L. No. 1-1991]
The Town of Stockport is the owner of various parcels of real property within the Town. Occasionally, the Town finds that a parcel of real property can no longer be used for Town purposes. For the Town to continue to retain ownership of such property exposes the Town to potential liability, requires the Town to use Town personnel to continue to maintain the property and results in a loss of real property taxes for the Town. By this article, the Town Board is given the authority to sell real property of the Town either through private sale or by public auction.
Upon finding that any parcel of real property owned by the Town of Stockport can no longer be used for Town purposes, the Town Board may authorize, by resolution, the sale of said real property either by private sale or by public auction. A resolution of the Town Board authorizing the sale of real property must be passed by a unanimous roll call vote of the Town Board.
If the Town Board determines to sell property by a private sale, then the price at which the property will be sold must be stated in the resolution approving the sale. A public auction of real property shall be noticed on two dates in the official newspaper of the Town not more than 60 days but not less than 15 days prior to the date of the auction. The terms of the auction will be set by resolution of the Town Board.
The Town may pay a commission to the real estate broker who finds a buyer who is ready, willing and able to purchase real property the Town is authorized to sell.