Res78 7978 - Laserfiche WebLink

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C (f) Any lease of real property .for a: term of more than one (1) calendar month shall be authorized by resolution of the Council or the Board of Port Commissioners as the case may be. Any lease of real property for a lesser period shall be authorized by the City Council or the Board of Port Commissioners, as the case may be, by motion duly made and carried. (g) No lease of City or Port property shall be made for a term longer than fifty (50) years. (h) No city property shall be exchanged for other property until an appraisal has been made by the City Assessor and the value of the property to be received by the city equals or exceeds the value of the property to be disposed of by the City. " (b) Said Charter amendment proposal shall be submitted to the electors of the City of Redwood City at the General Municipal Election to be held in the City on April 11, 1978, in the form of a proposal to amend said Charter by amending Section 3-1/2 thereof. On the ballots and on the voting machines to be used at said election, in addition to all other matters required by law to be printed thereon, shall appear the following: PROPOSITION A: Shall Section 3-1/2 of the Charter of the City of Redwood City be amended to allow the City to sell City-owned personal property valued at $1,000 or less for any reasonable amount, without public notice or bid? SECTION 4. (a) The Council of Redwood City hereby proposes, on its own motion, to amend the Charter of the City of Redwood City by amending Sections 3-1/2 and 48a thereof as follows: (1) Amend Section 3-1/2 to read as follows: "SECTION 3-1/2. ACQUISITION AND DISPOSAL OF PROPERTY: "Public notice shall be given by publication in the official newspaper once at least five (5) days prior to the acquisition of any real property when the purchase price to be paid by the city equals or exceeds the sum of two thousand dollars ($2, 000) , unless such acquisition is to be accomplished pursuant to the general laws of the State by condemnation in eminent domain proceedings, or unless such acquisition is necessary in connection with public improvement proceedings accomplished pursuant to law. "Any sale or lease of city owned property, except leases of property under the jurisdiction of the Board of Port Com- missioners, shall be accomplished in accordance with the following procedure: -4-