2.120.020 Minimum price of real property.
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The Council shall, by resolution, fix a minimum price, or authorize determination of the minimum price by appraisal or market analysis, at which the real property may be sold. The factors for consideration of the sale price shall include:
(1) Appraisal or market analysis price.
(2) Property tax or sales tax generation capacity by potential purchaser.
(3) Essential services to be provided by potential purchaser needed by the community.
(4) The purchaser’s use consistent with neighborhood plan or improvements.
(5) Availability to other governmental entities for siting essential services.
No sale shall be made for less than the minimum price fixed by the Council. [Ord. 4394 § 2, 2018; Ord. 1991 § 1, 1978; Code 1970 § 2.46.020; Code 1954 § 2-10.08.]