[Amended 3-26-1979 by Ord. No. 1190]
Real estate owned by the municipality may be disposed of by
following any of the following procedures, at the option of Council:
A. The property may be sold to the highest bidder after notice in at
least one newspaper of general circulation in the municipality, the
advertisement to give notice of the property to be disposed of, the
requirement for sealed bids, and the time and place where the bids
are to be received and opened.
B. The property may be sold to the highest bidder at public auction,
of which notice shall be given at least 30 days in advance of the
auction sale in at least one newspaper of general circulation in the
municipality.
C. In the case of property needed by another unit of government, that
property may be disposed of by Council on terms mutually agreeable
to the municipality and to the other unit of government concerned.
The proposed agreement shall not become effective until at least 30
days after notice of its terms has been published in at least one
newspaper of general circulation in the municipality. The notice shall
also state the time and place of a public hearing before Council on
the question of the proposed disposition of the property, which hearing
shall be held not less than 10 days after publication of the notice.
D. These procedures for the sale of real estate shall not apply where
real property of the municipality is to be sold to a municipal authority
pursuant to the Municipality Authorities Act of 1945, is to be sold to a nonprofit corporation engaged in community
service, or community industrial or commercial development, or where
real property is to be sold to a person for his exclusive use in an
industrial development program.