HomeMy WebLinkAbout86-2669T
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ORDINANCE` NO. 86-2669
AN ORDINANCE AMENDING CHAPTER Ii, ARTICLE-VII,
PLAINVIEW CODE PROVIDING FOR THE INCLUSION OF
APPRAISAL FEES AND ADVERTISING COST IN THE VALUATION
_OF SURPLUS REAL PROPERTY UPON DISPOSITION: PROVIDING
FOR A DEPOSIT BY THE REQUESTING PARTY: AND PROVIDING
FOR, FORFEITURE OF SAI77 DEPOSIT IN THE EVENT SURPLUS
REAL PROPERTY-IS NOT SOLD.
WHEREAS, the. City Council of the City of Plainview,
Texas has. found a need to recover the costs associated
with disposition of surplus real property; and
WHEREAS, the City Council further has found that it
would be in the best interest of the City: of Plainview to
recover .the. costs associated with disposition of surplus
real property;
NOW, THEREFORE, BE LT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF PLAINVIEW, TEXAS. THAT:
Article. VII, Section 2-150. et seq.., et seq., are
hereby amended as follows:
Section 2-150. Appraisal.
When any real property of the City has been declared
surplus pursuant to the provisions of this Article,
the City Manager shall then have the property
appraised by a competent .appraiser and the appraised
.value thereof determined. The City Manager shall
require the party requesting such declaration of
surplus property to deposit with the City Secretary a
sum of money necessary to cover the cost. of .appraisal
and any advertising expenses that may be incurred as
required by this Article. In the event the
requesting party is not the highest bidder on the
surplus real property, the deposit will be returned.
In the event the requesting party is the. highest
bidder, said deposit will be credited toward .the
accepted bid. In the event the surplus real property
is not sold, said deposit shall be forfeited to the
City.
Section 2-151. Advertisement for bids.
The City Manager shall advertise for sealed bids
offering the declared surplus real property for sale
to the highest bidder, but the notice shall notify
all prospective buyers and bidders that no bid will
be received, accepted, or entertained that is less
than the appraised value, together with the costs
incurred, which shall include the appraisal fee and
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advertising costs. The notice shall state what the
appraised value is, what the-appraisal fee was, and
'the :advertising cost incurred and; that no bid under
the value plus costs will be accepted orentertaned.
PASSED AND APPRC7VED on first reading this 14th day of
October 19 8 6 .
PASSED AND APFR~VED on second reading this 2Qth day
of October ~ 1986.
E:V:'Rid,lehuber, Mayor
ATTEST:
SHERYL OWEN, City Clerk
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