HomeMy WebLinkAbout86-2669 ord_~
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ORDINANCE NO. 86-266
AN ORDINANCE AMENDING CHAPTER II, ARTICLE VII,
PLAINVIEW CODE PROVIDING FC>R 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 SAID 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 o:E the City of Plainview to
recover the costs associated with disposition of surplus
real property;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY DF PL~~.INVIEW, TEXAS. THAT:
Article VII, Section 2-15(x. 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 .maybe 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 nat 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 far 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 or entertained.
PASSED AND APPROVED on first reading this 14th day of
', Octob~x 19 8 6 .
PASSED AND APPROVED on second reading this 28th day
', o f Gctober 19 8 6 .
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E.V. Ridlehuber, Mayor
ATTEST:
ERYL WEN, City Clerk