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8.A. - Page 20 <br /> Competitive Sealed <br /> RFP Exclusive Negotiations Broker <br /> Bids <br /> Complex Site with Development site with Remnant where the City Remnant where there is <br /> market interest unique circumstances simply wants to likely some competition <br /> Development Site with such as land swap, sale effectuate a sale and or interest for a <br /> market interest and City to adjoining have broker take care of particular property <br /> wishes to set criteria for owner/developer or transactional details Development site <br /> development exclusive negotiations where compliance with <br /> following RFP process <br /> existing zoning is <br /> sufficient <br /> D. GENERAL PROCEDURES <br /> The following are general procedures applicable to the sale or long-term lease of City owned- <br /> property: <br /> 1. Preliminary Site Identification and Investigation of Value. <br /> In addition to those instances when private parties approach the City to <br /> propose the acquisition of real property, the City Manager may from time <br /> to time ascertain the market demand for City-owned properties in <br /> conformance with this policy. The City Manager will typically utilize <br /> informal means, such as reported listings and broker information, for <br /> estimating the market value of the parcel in order to determine whether <br /> opportunities should be pursued. <br /> 2. Preliminary Title Report. <br /> For purchases, a preliminary title report for the parcel should be obtained <br /> so that the City is aware of any possible liens or encumbrances on the <br /> property, and other exception to title, and to determine the owners of <br /> record in order to ascertain the correct parties to the disposition <br /> agreement. In most instances, a final title report and title insurance <br /> policy will be obtained at a later stage of the process. <br /> 3. Determine Approach to Be Used for Disposal. <br /> City staff should determine which of the approaches noted above should <br /> be taken with respect to the property at issue and bring the proposal to <br /> the City Council for approval prior to starting the disposal process. <br /> ATTY/POLICIES/PROPERTY ACQUISITION AND DISPOSITION PROCEDURES <br /> REV:10-04-12 PT <br /> Page 15 of 21 <br />