Laserfiche WebLink
�.y-A'1 <br /> total of each of the items to be sold as a unit is more than Five Thousand Dollars <br /> ($5,000.00). <br /> 2. That the City Clerk is hereby authorized and directed to advertise such <br /> surplus property for sale to the general public in accordance with Section 3-1/2 of <br /> the Charter of the City of Redwood City. Said sale shall be conducfied in <br /> accordance with the bid documents and the following terms: <br /> (a) Sealed bids, upan notice called therefore, shall be received for <br /> said property until the date and time fixed by the City Clerk and sent out in <br /> the notice of sale, and, at the time and date fixed, the City Clerk shall open <br /> the bids received pursuant to advertisement therefor, and determine the <br /> highest bid received for said property; <br /> (b) No sealed bids submitted may be withdrawn pending award or <br /> rejection of the bids. The City reserves the right to reject all bids and to <br /> award as a lump sum or on an individual item by item basis. In no event <br /> will the City accept any bid in an amount which is less than 90 percent of <br /> the appraised value of the property. <br /> 3. The bid documents consisting of the notice to Bidders and the <br /> Instructions to Bidders with bid form are hereby approved. <br /> * * * <br /> Reso-999 2 <br /> F:/Shared/Redwood/Council <br /> DES:djk <br /> 09/27/00 <br />