HomeMy WebLinkAboutMC-955
Adopted: December 18, 1995
Effective: January 18, 1996
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ORDINANCE NO. MC-955
AN ORDINANCE OF THE CITY OF SAN BERNARDINO
ADDING CHAPTER 2.65 TO THE SAN BERNARDINO
MUNICIPAL CODE RELATING TO THE SALE OF REAL
PROPERTY
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THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO
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SECTION 1. Chapter 2.65 is hereby added to the San Bernardino Municipal Code to
read as follows:
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"2.65.010. Authority. Pursuant to the provisions of Charter Section 40 (a), real
10 property owned by the City shall be sold as provided in this Chapter.
11 2.65.020. Competitive Bid. Real property with a fair market value of $25,000 or
greater shall be sold by competitive bid to the highest and best bidder, but the sales price shall
12 not be less than the fair market value.
13 2.65.030. Negotiated Purchase. Real property with a fair market value of less than
$25,000 may be sold by negotiated purchase, but the sales price shall not be less than the fair
14 market value.
15 2.65.040. Fair Market Value. For the purposes of this Chapter, fair market value shall
be established by resolution of the Mayor and Common Council based on good and sufficient
16 evidence in the record. For the purposes of property with a fair market value of $25,000 or
more, "good and sufficient evidence" shall mean and include a formal appraisal performed by
17 a licensed appraiser who is not a City employee.
18 2.65.050. Sales to Public Agencies. Notwithstanding anything in this Chapter to the
contrary, real property owned by the City may be sold to another public agency without the need
19 for competitive bid, but the sales price shall not be less than the fair market value.
20 2.65.060. Terms. A sales price may be a cash purchase or the City may accept a note
and deed of trust at the fair market interest rate. "
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DAB:tbm [RealPpty.Ord]
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November 29, 1995
MC-955
1 AN ORDINANCE. . . ADDING CHAPTER 2.65 . . . RELATING TO THE SALE OF
REAL PROPERTY
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I HEREBY CERTIFY that the foregoing Ordinance was duly adopted by the Mayor and
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Common Council of the City of San Bernardino at a regular meeting thereof, held on the 18
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day of December, 1995, by the following vote, to wit:
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Council Members:
AYES
NAYS
ABSENT
ABSTAIN
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NEGRETE
CURLIN
HERNANDEZ
OBERHELMAN
DEVLIN
POPE-LUDLAM
MILLER
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x
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x
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:2~J ~
City'Clerk
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The foregoing Ordinance is hereby approved this 12- day OfDecembeJ; 1995.
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F'::>>M / /.'biff'
/om Mind{, ayor
City of San Bernardino
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Approved as to form
and legal content:
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JAMES F. PENMAN,
City Attorney
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DAB:tbm [Realppty.Ord]
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November 29, 1995