6409 RESOLUTION NO. 6 ,409
A RESOLUTION ADOPTING A PROCEDURE TO BE
FOLLOWED FOR THE SALE OF CITY OWNED PROPERTY;
AND FOR OTHER PURPOSES.
WHEREAS, the procedure adopted by the Board of
Directors in January 1979, to be followed in disposing of
City owned property, has proved to be lacking in situations
where more than one bid for property is received; and
WHEREAS, the staff has recommended a new procedure to
be followed for the sale of City owned property.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS :
SECTION 1 . The following procedure is hereby adopted
in the sale of City owned property:
( a ) Sale of City owned property will be the
responsibility of the City Real Estate Officer.
( b) The Real Estate Officer will compile a list of
property to be sold for preliminary review by the
Engineering Division for right-of-wav
considerations, by the Office of Comprehensive
Planning for land use planning and zoning impacts,
and by the Parks Department for possible impacts
on the City ' s parks system.
( c) After reviewing staff comments, the Real Estate
Officer will compile a list of property to be
sold. This list will be submitted to the City
Manager' s Office and then to the Board of
Directors for their review and approval .
(d ) Following Board approval , the list of properties
to be sold will he advertised in local newspapers
for a one-week period twice a year. The
advertisement will list the property to be sold
and advise potential purchasers that the City will
accept sealed bids on each parcel for a thirty-day
period following the advertisement. After that
date, no further bids will be accepted until the
next advertisement period . In addition, the Real
Estate Officer will advise potential bidders that
the Board of Directors reserves the right to
evaluate bids according to price offered , land use
involved , and other City goals deemed appropriate.
(e ) When the thirty-day period has expired , the City
Real Estate Officer will open the bids . He will
evaluate them from a professional real estate
perspective , and he will send a copy to the
Office of Comprehensive Planning for a review of
land use proposed .
( f) The Real Estate Officer will submit to the City
Manager ' s Office the evaluation for the bids
received . The City Manager ' s Office will transmit
the information to the Board of Directors for
their action.
(q ) Should the Board of Directors determine that it
will accept offers on property outside the time
frame outlined above , the Real Estate Officer will
run a one-week ad in local newspapers advising
that the City of Little Rock will accept bids on
a specific parcel of land within a one-week
period. Such proposals will be submitted on a
sealed bid basis and evaluated as outlined above .
SECTION 2. This Resolution shall be in full force and
effect from and after its adoption.
ADOPTED: August 19 , 1980
ATTEST: 0 ,J APPROVED: .001f(14( //7
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