[HISTORY: Adopted by the Common Council of the City of Hudson 4-16-2002 by L.L. No. 2-2002 (Ch. 24 of the 1973 Code). Amendments noted where applicable.]
No sale or lease of City real estate or of any franchise belonging to or under the control of the City shall be made or authorized except by a vote of 3/4 of the weighted vote of members of the Common Council. In the sale or lease of City real estate, property may be sold at public auction or at private sale. Public auction shall be to the highest bidder, under proper regulations as to the giving of security, and after public notice shall be published at least once each week for three weeks in the official newspaper. Private sale shall be under such terms as are fair and equitable, but any sale of City property at private sale shall be for the fair market value of the property and advanced public notice shall be posted.