Section 3.32.030 Disposal of real property.

A. No significant parcel of real property may be disposed of or leased unless and until a public hearing has been held by the City Council concerning disposition of the property. Such public hearing shall be held in the manner as required by Utah State law, 10-8-2(4). "Significant" shall be defined as any parcel of real property having a market value of $5,000.00 or more.

B. If the City Council desires to dispose of a parcel of real property having a market value of less than $5,000.00 it may proceed with the disposal of such property as provided in Section 3.32.020 of this Chapter.