The purpose of this chapter is to ensure that real and personal
property owned by the City is disposed of efficiently, effectively,
transparently, and in such a manner as to best serve the City and
the public interest.
As used in this chapter, the following terms shall have the
meanings indicated:
AUCTION
A sale of real or personal property to the highest bidder
at a date and time specified by City Council.
CAPITAL ASSET
Land, improvements to land, easements, buildings, building
improvements, vehicles, machinery, equipment, works of art and historical
treasures, infrastructure, and all other tangible or intangible assets
that are used in operations and that have a value of $6,000 or greater
and an initial useful lives extending beyond five years.
INTERNET SALE/AUCTION SITE
An internet site which allows prospective buyers to purchase
or place bids for the purchase of items being offered for sale by
their current owners.
ORPHAN PARCEL
A parcel of land created when severed from a larger parcel
by the construction or relocation of a road, partial conveyance or
lot line adjustment. Orphan parcels do not possess separate tax parcel
numbers, instrument numbers or deed book volume/page numbers such
that they can be identified independent of the parcel from which they
were severed.
PERSONAL PROPERTY
Any movable or intangible thing that is subject to ownership
and not classified as real property.
REAL PROPERTY
Land and anything growing on, attached to, or erected on
it, excluding anything that may be severed without injury to the land.
SEALED BID
A bid that is not disclosed until all submitted bids are
opened and considered simultaneously.
UNOPENED/PAPER STREET
A thoroughfare that appears on plats, subdivision maps, and
other publicly filed documents, but that has not been completed or
opened for public use. A street which has never been constructed,
opened or accepted as a public street by the City of Altoona within
21 years after its construction as a private street, dedication as
a public right-of-way or opened for use by the City as a public street
shall constitute a paper street.
The title to any City property sold at public auction shall
not be transferred until the purchase price thereof has been fully
paid. Council shall pass an ordinance authorizing transfer of title
prior to making any such conveyance.
The City Council may dispose of City real or personal property
to another governmental agency, and may acquire property from another
governmental agency by means of private negotiations, upon such terms
as may be agreed upon, and for such consideration as may be deemed
by the City Council to be appropriate.