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<br />appropriation balance or portion thereof from one office, department or agency to <br />another. <br /> <br />EXPLANATION: At the request of finance director Gene Anderson, removes the <br />requirement that the city manager may transfer unencumbered appropriations <br />from one department to another during the last three months of the fiscal year only. <br /> <br />PROPOSITION 42: <br /> <br />Section 74. Sale of city property. <br /> <br />Before the dty makes any sale or eontraet for the sale of any property belonging <br />to the eity, either in the form of land, real estate or other properties, haying an <br />estimated value of under $1,000 or less, opportunity shall be given for open <br />competition under such rules and regulations the dty eouncil may prescribe. <br /> <br />In the sale of propcrty "'Ialued at more that $1,000, the property shall be <br />adyertised for sale and bids in the local newspaper, the eontraet of sale shall be <br />awarded to the highest responsible bidder, either at auction or upon sealed bids, <br />after such public notice and competition as may be prescribed, and UpOR such <br />other terms and eonditioRS Rot inconsistent 'with express provisions of law and of <br />this Charter, as the city council may order; proyided the dty council shall haye <br />thc power to reject all bids and advertise again. These same procedures shall be <br />used whenever the dty ads as transfer agent.. <br /> <br />The city may sell or contract for the sale of real or personal property only in a <br />manner authorized by state law and under terms that will ensure ooen <br />comoetition. The city council may orescribe rules and re2:ulations to ensure that <br />no person shall have a superior or unfair advanta~e to acauire such prooerty. <br /> <br />EXPLANATION: The requirement that land or other property valued at more than <br />$1,000 has to be advertised for bids is overly restrictive and expensive. Now, <br />$25,000 seems more realistic. Instead of another dollar amount that may also <br />become outdated, the amendment provides that the real and personal property of <br />the city may be sold only in a manner authorized by state law that ensures open <br />competition in a fair and responsible manner. <br /> <br />PROPOSITIONS 43, 44: <br /> <br />20 <br /> <br />T <br />