HomeMy WebLinkAboutResolution 15-079 Resolution 15-079
A Resolution Adopting a City Policy
Pertaining to the Sale of Surplus Real Property
Whereas, the City of Brookings may own or have in its possession real property it
desires to see developed or re-developed for purposes of business or commercial use
in an effort to create jobs, provide services, increase the tax base, or potentially
increase the City's working capital; and
Whereas, the City of Brookings may from time-to-time find it advantageous to partner
with private sector entities for purposes of achieving such development or re-
development; and
Whereas, the City of Brookings may utilize a variety of ineans pursuant to state law to
dispose of real property including but not limited to the provisions of South Dakota
Codified Law Chapters 6-5, 9-27, and 9-54.
Now, Therefore, Be It Resolved, that the City of Brookings may dispose of real property
currently owned or otherwise in its possession in the following manner as an economic
development policy:
1) The subject parcel(s) shall be real property currently zoned `Business' with a B-1
through B-4 zoning designation; or a Planned Development District (PDD) zone
with an underlying zone of either of the B-1 through B-4 zones as defined by the
City of Brookings Code of Ordinances.
2) Specific City Council action shall be required on each parcel so properly zoned
pursuant to (1) and hereby declared as surplus real property; and such specific
action shall be in the form of a resolution or motion describing the legal address
of said parcel(s).
3) Qualifying real property shall be disposed pursuant to South Dakota Codified
Law Chapter 6-13 by sealed bids, a public auction, or through a licensed real
estate broker, with proper notice.
4) City Council has the right to accept or reject any and all bids, waive any bidding
irregularities, and set a minimum acceptable bid amount.
5) City Council shall stipulate terms and conditions of an accepted bid and such
terms and conditions shall be considered pre-bid stipulations that shall be made
known prior to the auction/bid date. Such conditions may include but not be
limited to:
a) Terms and conditions of payment of accepted bid.
b) Bid security and payment security.
c) A development/re-development plan acceptable to the City Council.
d) Performance deadlines and other guarantees of the development/re-
development.
e) Reversionary provisions of the parcel(s) for failure to perForm.
Be It Further Resolved, that the City Council may decide not to declare the property
surplus and choose to dispose of qualifying property by issuing a Request for Proposal
(RFP) that may include terms, conditions and/or an end-use development plan
parameters, requirements, or other provisions to be offered by respondents for the City
Council to consider.
Passed and Approved this 28th day of July, 2015.
CITY OF BROOKINGS, SD
Tim Reed, Mayor
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Shari Thornes, City Clerk �'`'�°eHeoK��'c�