3.62.040 SALE.

(a) Personal Property. Personal property which is outmoded, obsolete, no longer usable for the public purpose intended, in a state of disrepair requiring serviceable costs in excess of its salvage value, in need of replacement to maintain a reasonable standard of public service, or of no benefit or surplus to the needs of the City, may be disposed of by sale or discarded.

When sales of City personal property involve a value or consideration of twenty-five thousand dollars or less, they may be approved by the City Manager. All sales involving a value or consideration of twenty-five thousand dollars or more may be approved by the City Council. Sales at public auction may occur without approval of the City Council or City Manager.

(b) Real Property. Real property, whether the same be land or improvements, or both, may be sold by approval of the City Council upon a finding that such sale is for the public interest and convenience with the adoption of a resolution of intention to sell, incorporating such finding. The resolution of intention may contain those provisions that the City Council deems appropriate and may:

(1) Contain a description of the property to be sold;

(2) Prescribe the terms of sale;

(3) Authorize appraisal of the value of the property;

(4) Provide for notice of sale by publication at least once in a daily newspaper published and circulated in the City, and notice by any other means, as the Council shall specify;

(5) Specify a time for final action upon the sale;

(6) Fix a minimum acceptable bid, if desired by the Council.