§ 16.08.050. Public sale—When required.

A.

Unless otherwise provided in this chapter, a real property no longer used or useful for a public use or purpose shall be sold at a public sale.

B.

A public sale shall not be required where the real property of the city is subject to any term or condition restricting or limiting the ability of the city to obtain the fair market value of the property.

C.

A public sale shall not be required where the city council has elected to dispose of real property or an interest in real property to any person or entity in furtherance of economic development. If a disposal is made to further economic development, the non-code ordinance authorizing the disposal must include:

1.

A finding that the property or property interest which is the subject of the disposal will be used in furtherance of local trade or industry; and a requirement that the conveyance of the property or property interest disposed include a condition that the property be used for the local trade or industry justifying the disposal; or

2.

A finding that there is a residential housing shortage which the property subject to disposal will be used to remedy; and a requirement that title to the property revert to the city if a habitable dwelling is not constructed on the property within the agreed upon time period.

(Ord. 06-06-06 § 2: Ord. dated 10-9-01 (part))

(Ord. No. 18-05-14, § 3.3.)