[HISTORY: Adopted by the Common Council of the City of Hudson 4-16-2002
by L.L. No. 2-2002 (Ch. 24 of the 1973 Code). Amendments noted where applicable.]
No sale or lease of City real estate or of any franchise belonging to
or under the control of the City shall be made or authorized except by a vote
of 3/4 of the weighted vote of members of the Common Council.
In the sale or lease of City real estate, property may be sold at public auction
or at private sale. Public auction shall be to the highest bidder, under proper
regulations as to the giving of security, and after public notice shall be
published at least once each week for three weeks in the official newspaper.
Private sale shall be under such terms as are fair and equitable, but any
sale of City property at private sale shall be for the fair market value of
the property and advanced public notice shall be posted.
