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6.1. B. - Page 4 <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 :.................................................................................12 <br /> B. PROPERTY CATEGORIES FOR DISPOSITION PURPOSES ...............................................................................12 <br /> C. PROCESS FOR DISPOSAL PURSUANT TO SALE OR LONG-TERM LEASE .........................................................13 <br /> 1. Request for Proposals (RFPJ .....................................................................................................................14 <br /> 2. Exclusive Negotiations .............................................................................................................................14 <br /> 3. Broker Services .........................................................................................................................................15 <br /> 4. Competitive Sealed Bids . .........................................................................................................................15 <br /> D. GENERAL PROCEDURES ................................................................................................................................15 <br /> 1. Preliminary Site Identification and Investigation of Value .....................................................................16 <br /> 2. Preliminary Title Report ...........................................................................................................................16 <br /> 3. Determine Approach to Be Used for Disposal .........................................................................................16 <br /> 4. Environmental Review .............................................................................................................................16 <br /> 5. Surplus Land Act .......................................................................................................................................16 <br /> 6. Negotiations and Agreement with Potential Purchaser or Lessee .........................................................17 <br /> 7. Planning Commission Determination ......................................................................................................17 <br /> S . Formal City Council Approval . .................................................................................................................17 <br /> 9. Written Agreement ..................................................................................................................................17 <br /> 10. Opening of Escrow . ..................................................................................................................................18 <br /> 11. Record Grant Deed or Lease Agreement .................................................................................................18 <br /> 12. Ins urance . .................................................................................................................................................18 <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 . ............................................................................................................................................ <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 />