HomeMy WebLinkAboutSection 50-1402 – Idaho State Legislature Conveyance of Property4) Idaho Statutes
Idaho Statutes are updated to the website July 1 following the legislative session.
TITLE 50
MUNICIPAL CORPORATIONS
CHAPTER 14
CONVEYANCE OF PROPERTY
50-1402. DECLARATION OF VALUE OF PROPERTY. Whenever the city council
proposes to convey, exchange or offer for sale any real property, it shall
first declare the value or minimum price, if any, it intends to receive as a
result of such conveyance or exchange. The city council may contract for or
provide that the property be appraised under such terms and conditions as may
be deemed appropriate by the city council. The declaration, either in the form
of a minimum dollar value, or an explanation of an intended exchange or
conveyance for other than monetary consideration shall be made on the record at
a public meeting of the council. The city council may also declare that the
subject property will be offered for sale without establishing a minimum price.
Following a declaration of intent to sell or exchange real property, the
clerk of the city shall publish a summary of the action taken by the city
council in the official newspaper of the city and provide notice of a public
hearing before the city council. Notice of the public hearing concerning the
proposed exchange or conveyance shall be published in the official newspaper of
the city at least fourteen (14) days prior to the date of the hearing.
History:
[50-1402, added 1967, ch. 429, sec. 245, p. 1249; am. 2001, ch. 331, sec.
2, p. 1162.1
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