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6.2. - Page 23 Charter Amendment <br />Section 3 -1/2. ACQUISITION AND DISPOSAL OF PROPERTY BY CITY: <br />Subject to any additional provisions that the City Council may enact by ordinance, the <br />City may purchase, lease, receive, hold, and enjoy real and personal property, and <br />control and dispose of it for the common benefit. <br />Section 3 -3/4. ACQUISITION AND DISPOSAL OF PROPERTY BY PORT: <br />The following applies to real and personal property under the jurisdiction of the Board of <br />Port Commissioners, and does not apply to property under the jurisdiction of the City: <br />Public notice shall be given by publication in the official newspaper once at least five (5) <br />days prior to the acquisition of any real property by the Board of Port Commissioners <br />when the purchase price to be paid by the Port equals or exceeds the sum of two <br />thousand dollars ($2,000), unless such acquisition is to be accomplished pursuant to the <br />general laws of the State by condemnation in eminent domain proceedings or unless <br />such acquisition is necessary in connection with public improvement proceedings <br />accomplished pursuant to law. <br />Any sale or lease of property under the jurisdiction of the Board of Port Commissioners <br />shall be accomplished in accordance with the following procedure: <br />(a) Public notice of any proposed sale of property shall be given at least once a week for <br />two weeks in the official newspaper. Such notice shall contain a statement that any and <br />all bids may be rejected and the property may be readvertised. <br />(b) Prior to the sale of any property, the City Assessor shall appraise the same and <br />determine the current market value thereof. With the approval of the Board of Port <br />Commissioners, the City Assessor may obtain the services of other qualified persons to <br />assist in such appraisal. <br />(c) Every sale of property may be made only to the highest responsible bidder at public <br />auction or upon sealed bids to said Board of Port Commissioners. In all instances where <br />bids are received any and all bids may be rejected and the property re- advertised or <br />removed from the market. No sale of any property shall be made for less than ninety <br />percent (90 %) of the appraised value thereof. Every lease of property shall be made in <br />accordance with the provisions of Section 48(a) of this Charter. <br />(d) Any real property having an appraised value of two hundred fifty dollars ($250) or <br />less may be sold without public notice or public bid as required by this section; provided, <br />however, that no such property shall be sold for less than ninety percent (90 %) of the <br />appraised value thereof. Any personal property having an appraised value of five <br />thousand dollars ($5,000) or less may be sold without public notice or public bid as <br />required by this section; and, further, such property may be sold for any reasonable <br />amount irrespective of its appraised value. <br />(e) Any sale of real property having an appraised value of less than seventy -five <br />thousand dollars ($75,000) shall be authorized only by resolution adopted by the <br />affirmative vote of at least four - fifths (4 /5ths) of all members of the Board. Any such sale <br />ATTY /CHARTER AMENDMENT 2011 <br />REV: 11 /29/11 1 <br />