HomeMy WebLinkAboutResolution 17-040 Resolution 17-040
A Resolution Adopting a City Policy Pertaining to the Sale of 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
redevelopment; 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, 6-13, 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 and 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 by any of the following methods as an economic
development policy:
I. Sealed Bids, Public Auction, or through a Licensed Real Estate Broker whereby
the City Council may 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 developmenUre-
development.
e. Reversionary provisions of the parcel(s) for failure to perform.
II. Request for Proposal whereby the City Council 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.
III. Legislative Authorization whereby the City Council may choose to dispose of
qualifying property by utilizing South Dakota Codified Law Chapters 6-5, 9-27,
and 9-54 and declaring the development intent and purpose for which property
will ultimately be disposed.
Be It Further Resolved that this resolution shall repeal and replace Resolution 15-079.
Passed and approved this 25t" day of April, 2017.
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o�ea� Sc M sterman, Mayor
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ari Thornes, City Clerk