§ 10.30.010. Purchase and sale of surplus real estate acquired in connection with public purposes.

(a)

If the city council finds that it is in the public interest, the city may acquire real property for any immediate or future public purpose. Such purchase may, at the city's discretion, include parcels or remnants of parcels when such purchase is beneficial to the city. The city may issue general obligation bonds to finance the cost of such purchase under applicable home rule or statutory authority.

(b)

Any conveyance of real property shall be subject to city policies and procedures. Whenever the city has acquired real property, the city may sell such property or any portion of such property. If acquisition of the property was made through tax-exempt financing, the sale of such property may impact the tax-exempt status of the outstanding debt obligations and should be considered prior to sale. Upon sale of said property, the city council shall authorize the mayor to execute a deed conveying said property.

(Ord. No. 38-412 § 1; Ord. No. 50-183 § 1, 4-16-16)