Whenever it shall appear to the City Council that it is for the best interests of the City of Mountlake Terrace and the people thereof that any property, whether real, personal, or mixed, belonging to said City, should be sold, the City Council may authorize the sale of such property.
(Ord. 1560 § 1, 1984)
In authorizing the sale of such property, the City Council may set a minimum price at which the property may be sold. In setting the minimum price, the City Council may first require an appraisal be made. The property may be sold upon competitive bids, on a negotiated basis, or auction, as the Council may direct.
(Ord. 1560 § 2, 1984)
If the City Council requires the property be sold upon competitive bids, the City Clerk shall give notice that the City will invite bids for purchase of the property by publication and posting thereof. The notice shall be posted and published at least 10 days before the date the bids are to be opened.
(Ord. 1560 § 3, 1984)
The bids shall be opened in public at the time and place stated in the notice. The City Council may reject any or all bids, or the bid for any one or more of the parcels, or item of property, real or personal, included in the aforesaid call for bids.
(Ord. 1560 § 4, 1984)
The City Council may authorize the City Manager or members of the City staff to negotiate for sale of City property subject to Council confirmation of the terms, conditions, and fee negotiated.
(Ord. 1560 § 6, 1984)