The Department of Property Management shall from time to time, and not less than once
in two years, review the immovable property of the City and make recommendations to
the Council and the City Planning Commission for the disposition of such property
as is no longer needed.
(2)
With the prior approval of the Mayor and the City Planning Commission, the Council
may ordain the sale or exchange of immovable property no longer needed. In its resolution
of approval, the City Planning Commission may impose restrictions as to future use
of such property in order to insure that its use will be in conformity with the plans
developed or in process of development by the Commission. The Director of Finance,
after fixing a minimum price, shall, either individually or through a person appointed
by the Director, cause the property to be sold at public auction to the highest bidder
for not less than the minimum price after advertisement in the official journal three
times, and the net proceeds shall be placed the Capital Projects Fund. However, immovable
property may be transferred for purposes of rehabilitation without public auction,
in accordance with procedures authorized by state law.
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