advertisement or competitive bidding only after council
estimates the value of the property upon receipt of an appraisal
by a qualified real estate appraiser. Prior to selling real
estate valued at $6,000 or less without advertisement or
competitive bidding, borough council shall make a public
announcement of the council's intention to sell the real estate
at a regular or special meeting of council at least 30 days
prior to the sale.
* * *
Section 2. Section 12402.1(b)(1) and (8) of Title 11 are
amended to read:
§ 12402.1. City property and affairs.
* * *
(b) Sales of real estate.--
(1) No real estate owned by the city may be sold except
upon approval of council by resolution, and no real estate
owned by the city may be sold for a consideration in excess
of [$1,500] $6,000, except to the highest bidder after due
notice by advertisement for bids or advertisement of a public
auction in one newspaper of general circulation in the city.
* * *
(8) Real estate owned by a city may be sold at a
consideration of [$1,500] $6,000 or less without
advertisement or competitive bidding only after council
estimates the value of the real estate upon receipt of an
appraisal by a qualified real estate appraiser. Prior to
selling real estate valued at $6,000 or less without
advertisement or competitive bidding, council shall make a
public announcement of the council's intention to sell the
real estate at a regular or special meeting of council at
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