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8.A. - Page 5 <br /> 1. Redwood City should consider holding property that:...........................................................................11 <br /> 2. Redwood City should consider selling property that:.............................................................................11 <br /> 3. Redwood City should consider leasing property if:.................................................................................11 <br /> B. PROPERTY CATEGORIES FOR DISPOSITION PURPOSES...............................................................................11 <br /> C. PROCESS FOR DISPOSAL PURSUANT TO SALE OR LONG-TERM LEASE.........................................................12 <br /> 1. Request for Proposals(RFPJ.....................................................................................................................13 <br /> 2. Exclusive Negotiations.............................................................................................................................14 <br /> 3. Broker Services.........................................................................................................................................14 <br /> 4. Competitive Sealed Bids. .........................................................................................................................14 <br /> D. GENERAL PROCEDURES................................................................................................................................15 <br /> 1. Preliminary Site Identification and Investigation of Value.....................................................................15 <br /> 2. Preliminary Title Report...........................................................................................................................15 <br /> 3. Determine Approach to Be Used for Disposal.........................................................................................15 <br /> 4. Environmental Review.............................................................................................................................16 <br /> 5. Surplus Land Act.......................................................................................................................................16 <br /> 6. Negotiations and Agreement with Potential Purchaser or Lessee.........................................................16 <br /> 7. Planning Commission Determination......................................................................................................17 <br /> 8. Formal City Council Approval. .................................................................................................................17 <br /> 9. Written Agreement..................................................................................................................................17 <br /> 10. Opening of Escrow...................................................................................................................................17 <br /> 11. Record Grant Deed or Lease Agreement.................................................................................................17 <br /> 12. Insurance..................................................................................................................................................17 <br /> 13. City Inventory...........................................................................................................................................18 <br /> 14. Long-Term Lease Procedures...................................................................................................................18 <br /> E. NON-PROFIT LEASES,SHORT-TERM LICENSES AND DISPOSAL OF CITY RIGHT-OF-WAYS...........................19 <br /> 1. Leases or Licenses with Non-Profit Organizations..................................................................................19 <br /> 2. Interim Uses.............................................................................................................................................20 <br /> 3. Right-of-Way............................................................................................................................................20 <br /> F. USE OF FUNDS FROM SALE OR LEASE...........................................................................................................21 <br /> ATTY/POLICIES/PROPERTY ACQUISITION AND DISPOSITION PROCEDURES <br /> REV:10-04-12 PT <br /> Page 2 of 21 <br />