Whenever the City becomes the owner of any real property, other than that specified by Article VI, Section 2-202 et seq., of the same may be sold in the manner set forth in this Article. With respect to the sale or other disposition of City-owned real property within the SE Overlay Zone, whenever owned or acquired by the City, the City Council affirms and ratifies its determination that this Article's provisions shall not apply.
(Ord. 20-14 7-28-20)
The City Council may, by resolution, declare the intent of the
City to sell real property which it owns by sealed bid, and notice
of such intention, together with information regarding the property
to be sold, minimum bid required, if any, the date, time and place
when bids are to be received and opened, together with any other pertinent
information which may from time to time be required. Said resolution
of intention shall be published at least one time in the official
newspaper of the City not less than ten days prior to the date on
which bids are to be received.
(a)
On the date and at the time and place specified in the notice published pursuant to Section 2-211.2, the City Clerk shall publicly open and examine all bids received.
(b)
The
City Clerk shall, within thirty days after receipt of bids, report
to the City Council the name of the highest bidder and the amount
bid by such person, firm or corporation.
If the City Council accepts the bid of the highest bidder, a
deed conveying the right, title and interest which the City may have
in the property, signed by the Mayor and the City Clerk, shall be
given such bidder upon prior payment in cash, by certified check,
by cashier's check, or by money order, of the full amount of such
bid and any incidental costs pertaining to the transaction.
If the City Council accepts the bid of the highest bidder and
such bidder fails, within thirty days of such acceptance to pay for
the property, the Council may rescind its acceptance and accept the
bid of the next highest bidder, or reject any and all bids, as it
may deem proper.
(a)
The
City Council may require a bid security of all bidders in an amount
which it deems adequate to insure that the successful bidder will
pay for the property.
(b)
The
bid security of each unsuccessful bidder shall be returned to such
bidder, and the bid security of the successful bidder shall be applied
to the purchase price or returned to such bidder after payment of
such price as such bidder shall elect.
(c)
No bid security shall be returned to a successful bidder who fails to pay for the property as provided in Section 2-211.5 unless authorized by the City Council.
(d)
The
City Council may require such other controls and protections as may
be deemed proper in order to facilitate the sale of property under
this Article.
The City Council may, by resolution, convey real property owned
the City to any governmental jurisdiction—County, State or Federal,
without cost to such body when it finds that the land will be used
for a valid public purpose and that such conveyance is in the best
interests of the City.
(Ord. 2220 5-13-75)
