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?., . . , y. . . , < . . ?. ?? . .??? ? . <br />than three fourths of its determined fair market value. Prior to entering into a <br />contract to sell the property, the Director sha11 submit the proposal to the Board of <br />Control who sha11, within ten days, meet and, upon review, sha11 either approve or <br />reject the proposed sa1e. In the event the Board rejects the proposed sale, it sha11 <br />publicly state its reasons for so doing. <br />(b) If an item of surplus property is deternuned to have a fair market value in <br />excess of one thousand dollars ($1,000), then its sale shall be provided for by <br />ordinance, which shall establish a commercially reasonable method for soliciting <br />offers for the purchase of the property and which sha11 authorize its sa1e." <br />shall be amended, and, as amended, shall read in its entirety as follows: <br />"955.02 PROCEDURE FOR SALE. <br />SECTION 2: That the operation of any Ordinance, or part of any Ordinance in conflict or <br />inconsistent with any provision of this Ordinance is, to the extent of any such conflict or <br />inconsistency, repealed. <br />SECTION 3: That this Ordinance is hereby declared to be an emergency measure <br />immediately necessary for the preservation of the public heatth, safety and welfare, and for the reason <br />that it is necessary that this Ordinance go into effect immediately so that the City can immediately <br />dispose of surplus property with a fair market value of less than $1,500.00 at auction in order to <br />protect and promote the financial well being of the City, and further provided it receives the <br />affirmative vote of two-thirds of a11 members of Council, it shall ta.ke effect and be in force <br />immediately upon its passage and approval by the Mayor. <br />2