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47-75 ORDINANCE NO. 47-75. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DELRAY BEACH, FLORIDA, AMENDING SECTION 7(2) (a) OF THE CHARTER OF THE CITY OF DELP~Y BEACH AND CREATING AN EXCEPTION TO THE REQUIREMENTS OF SAID SECTION WHEN REAL PROPERTY IS BEING SOLD TO ANOTHER GOVERNMENTAL AGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. That Section 7(2) (a) of the Charter of the City of Delray 'Beach, Florida~ b~ amended as follows: Sec. 7 (2) (a) That any real property sold by the City except real property ~i~g sold to another governmental agency shall be sold upon the following conditions: (1) That a base bid of a minimum of three-quarters of the City's assessed valuation on any lot or parcel of land proposed to be purchased, shall be deposited with the City Clerk. (2) The terms of such proposed sale and the base bid shall be advertised once a week for at least two weeks in a newspaper of general circulation published in the City of Delray Beach. (3) That any such lot or parcel shall be sold at public auction at the City Hall of the City of Delray Beach. (4) That all such sales shall be subject to approval by the City Council, and in each case the bid of the highest bidder complying with the terms and conditions set forth in the notice of sale shall be accepted, unless the City Council shall reject all bids. (5) That the City Council may provide such other provisions as it may deem necessary, provided such are not inconsistent with th~ foregoing prov~ns~ PASSED AND ADOPTED in regular session on second and final reading on this the 24thday of November , 1975. _ ATTEST: J City Clerk First Reading ..October 27, 1972 Second Reading November 24, 1975