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8.C. - Page 9 powers enumerated therein or implied thereby, or appropriate to the exercise of such powers, it is intended that the eCity shall have and may exercise all powers which, under the state constitution, it would be competent for this eCharter to enumerate. (As amended April 13, 1954, ratified by Legislature January 13,1955, Stats. 1955, Chapter 27). Section 3-1/2. ACQUISITION AND DISPOSAL OF PROPERTY BY CITY: Subject to any additional provisions that the City Council may enact by ordinance, the City may purchase, lease, receive, hold, and enjoy real and personal property, and control and dispose of it for the common benefit. Section 3-3/4• ACQUISITION AND DISPOSAL OF PROPERTY BY PORT: The following applies to real and personal property under the jurisdiction of the Board of Port Commissioners, and does not apply to property under the jurisdiction of the City: 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 by the Board of Port Commissioners when the purchase price to be paid by the Port 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 property under the jurisdiction of the Board of Port Commissioners, shall be accomplished in accordance with the following procedure: (a) Public notice of any proposed sale of property shall be given at least once a week for two weeks in a newsnaner of zeneral circulation the effieial newspapef. Such notice shall contain a statement that any and all bids may be rejected and the property may be readvertised. (b) Prior to the sale of any property, the City Assessor shall appraise the same and determine the current market value thereof. With the approval of the Board of Port Commissioners, the City Assessor may obtain the services of other qualified persons to assist in such appraisal. (c) Every sale of property may be made only to the highest responsible bidder at public auction or upon sealed bids to said Board of Port Commissioners. In all instances where bids are received any and all bids may be rejected and the property re -advertised or removed from the market. No sale of any property shall be made for less than ninety percent (go%) of the appraised value thereof. Every lease of property shall be made in accordance with the provisions of Section 48(a) of this Charter. (d) Any real property having an appraised value of two hundred fifty dollars ($250) or less may be sold without public notice or public bid as required by this section; provided, however, that no such property shall be sold for less than ninety percent (go%) of the appraised value thereof. Any Page 2 of 45 ATTY/CHARTER AMENDMENTS/2017/2017 DRAFT CHARTER AMENDMENTS REV: 11-29-17 JS