1. Definitions: For purposes of this section, the following words and terms shall have the meanings ascribed to them in this subsection:
DISPOSITION: To transfer control of city owned property to another by any means including, but not limited to, sale, lease or other type of conveyance of such property.
REASONABLE NOTICE: Posting notice of the proposed disposition in at least three (3) public places within the city and publishing notice of the proposed disposition in a newspaper of general circulation in the city.
SIGNIFICANT PARCEL OF REAL PROPERTY: A parcel of real property owned by the city with a reasonable value equal to or greater than one hundred thousand dollars ($100,000.00) or reasonable yearly rental value equal to or greater than fifteen thousand dollars ($15,000.00).
2. Notice Required: If the property that is declared surplus pursuant to subsection C of this section is a "significant parcel of real property" as defined in this section, then the city shall provide "reasonable notice", as defined in subsection C of this section, of the proposed disposition, at least fourteen (14) days before the proposed disposition, to provide the public an opportunity for comment on the proposed disposition.
3. Public Comment: If the city receives public comment on the proposed disposition, the city recorder shall forward copies of such public comment to the city council. Thereafter, the city council may rescind its declaration of surplus property, direct the mayor to proceed with the sale, or impose such additional terms and conditions as the city council may adopt. If the city does not receive public comment on the proposed disposition, the mayor may proceed with the sale after satisfying all of the other terms and conditions applicable to the disposition. (Ord. 04-2, 6-29-2004)