Interested parties are welcome to purchase “Surplus Real Estate” from the City. The purchaser is required to demonstrate the ability to finance the purchase and complete their proposed plan and use for the property.

The Application and Sale/Purchase process consists of six steps.

• Step 1 – Letter of Interest – Applicant submits letter briefly describing purchaser’s plan to utilize the property. The plan for the site is reviewed within the context of existing City plans and redevelopment objectives. If the concept meets with City’s goals the Applicant is asked to complete additional details.

• Step 2 – Request for Information – Applicant is invited to provide additional information for Staff to review of the proposed purchase. This might include site plans, architectural, and landscape plans, economic disclosure statement, financial information, and other support materials.

• Step 3 – Proposal & Sale Review – Staff reviews Applicant’s proposal and validates the materials submitted. Staff also establishes, with Applicant, the method of sale, terms of the sale including cost estimates of the real estate transaction. The transaction cost to buyer would/may include a) an appraisal and/or environmental report, if required, c) plat of survey, d) title insurance, and e) legal fee, and other fees.

• Step 4 – Purchase Contract –Upon acceptance of terms, buyer is asked to sign the contract and await City approval.

• Step 5 – Legislative Approval – The Purchase Contract is presented to Council for approval at a regular Council meeting held either on the second or fourth Tuesday of the month at 7:00 pm. Applicant is invited to attend.

• Step 6 – Real Estate Sale Closing – The City signs the contract, and the buyer makes escrow payment and forwards all transaction cost before or during closing. At time of closing a final balance is paid by the buyer and the transaction is recorded thereafter.