[HISTORY: Adopted by the City Council of the City of Walhalla 3-19-2019 by Ord. No. 2019-2. Amendments noted where applicable.]
A. 
The City of Walhalla owns certain real property within and outside the City limits of Walhalla.
B. 
Pursuant to S.C. Code Ann. § 5-7-40, a municipality may divest of property it owns by ordinance.
C. 
The Mayor and City Council recognize that it is necessary and in the best interests of the City of Walhalla to encourage the economic development of the City and to provide for the increased benefit and prosperity of its citizens.
The City of Walhalla City Council at its discretion, on a case-by-case basis, may deem it advisable to divest itself of certain real property.
The Mayor and Council may from time to time identify designated areas that correspond with the City's adopted master plans and/or redevelopment plans, with such plans identifying the need for both public and private investment to ensure success.
The Mayor and City Council desire to establish criteria for divestment of property to ensure the most appropriate use for the public interest. The criteria to divest property shall be:
A. 
To promote or support economic development projects, ventures or infrastructure.
B. 
To promote or support tourism-related projects, ventures or infrastructure.
C. 
To promote or support ventures that are in the public interest.
D. 
To support a venture by another governmental or quasi-governmental agency.
E. 
To relieve the City of a liability, hazardous or financially burdensome property.
All divestiture of property shall be in compliance with South Carolina state law and the South Carolina Ethics Commission.