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25-PROVIDE DIRECTION TO STAFF CONCERNING SALE OF CITY PROPERTYCITY COUNCIL AGENDA ITEM BRIEFING SHEET Submittal Date: Originating Department: Presented By: Agenda Item No.: 5-9-12 Council Date: Finance Gene Anderson 2$, 5-31-12 RECOMMENDED MOTION: Non-action item. Provide direction to the staff concerning the sale of city property. POLICY ISSUE(S): Asset management. The City has been approached by an individual who wishes to purchase the City owned lot located at 1060 N. Main Street. The lot was originally acquired in connection with the extension of MLK Boulevard to N. Main Street. It was not used for that purpose, and the City does not need it for any future project. The staff seeks the Council's will concerning the sale of this property. If the Council desires to sell the property, state law requires the use of sealed bids after publication of notice of the sale or the property may be sold at public auction. BOARD/COMMISSION RECOMMENDATION: None EXHIBITS: Map ACTION: BUDGET INFO: ❑ Financial Report ❑ Minute Order Expense $NA ❑ Department Report ❑ Resolution Budgeted Amt. $NA ❑ Presentation ❑ Ordinance yTD Actual $NA ❑ Public Hearing ~ Other Acct. Name NA Acct. Number NA FISCAL NOTES: None REVIEWED AND APPROVED BY: Z Administration Z City Cletk ❑ Community Development ❑ EMS/IT ~ Finance ❑ Fire ❑ Municipal Court Z Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities City of Paris 124 Revised 2/04/08 ~ ~ ~S p a, ~3 ~ w f ~ s y¢ ~~y 1 f q ,.ti. j ~ Y Y iCY) . y N~~ ~ ~-'T. O ~r' Y+.;;m.. y,