§ 2.98.030. Notice of intent to sell.  


Latest version.
  • A.

    Investigation of Value. Following receipt of a certified copy of the judgment of a court of competent jurisdiction forfeiting real property to the county pursuant either to Health and Safety Code Section 11470 et seq. or Penal Code Section 186 et seq., the district attorney-public administrator shall cause investigation and/or appraisal of the property to be conducted to determine the reasonable fair market value thereof.

    B.

    Publication of Notice of Intention to Sell. Upon completion of the investigation and/or appraisal described in subsection A of this section, the district attorney-public administrator shall publish a notice of intention to sell forfeited real property. The notice shall contain the information set forth in subsection C of this section and shall be published for three successive weeks in a newspaper regularly published once a week or oftener, with at least five days intervening between the respective publication dates.

    C.

    Contents of Notice of Intention to Sell. The notice of intention to sell required by this section shall contain all of the following information:

    1.

    A description of the real property to be sold in a manner sufficient to identify the property, including the nature of the interest therein;

    2.

    The minimum price, based upon the determination made under subsection A of this section, and the terms upon which the property will be sold;

    3.

    The time and place at which sealed written proposals to purchase the property will be received. The time for such receipt shall be not less than seven days after completion of the publication under subsection B of this section;

    4.

    The time and place where the written sealed bids received will be opened and oral bids may be made. The notice shall state that no oral bid will be considered unless it is made by a responsible person and exceeds by at least five percent the highest written proposal timely submitted by a responsible person;

    5.

    A statement that the district attorney-public administrator reserves the right, prior to and following the opening of written bids and submission of oral bids, to reject any and all such bids and withdraw the property from sale, if he or she deems such action to be in the public interest.

(Ord. 1050 § 2 (part), 1993: prior code § 2702)