§ 2-467. Purchase of real property.

(a) When the city seeks to acquire by purchase any buildings or land for a municipal purpose, every appraisal, offer or counteroffer must be in writing.

(1) Such appraisals, offers and counteroffers are not available for public disclosure or inspection and are exempt from the provisions of F.S. § 119.07(1), until an option contract is executed or, if no option contract is executed, until thirty (30) days before a contract or agreement for purchase is considered for approval by the city commission.

(2) If a contract or agreement for purchase is not submitted to the city commission for approval, the exemption from F.S. § 119.07(1) will expire thirty (30) days after termination of negotiations.

(3) The city shall maintain complete and accurate records of every such appraisal, offer and counteroffer.

(b) The city will not be under any obligation to exercise an option to purchase any buildings or land unless the option contract is approved by the city commission at a public meeting held thirty (30) days after public notice of said meeting.

(c) For each purchase of real property in an amount of not more than five hundred thousand dollars ($500,000.00), the city commission shall require at least one (1) appraisal by a state-certified appraiser.

(d) For each purchase of real property in an amount in excess of five hundred thousand dollars ($500,000.00), the city commission shall require at least two (2) appraisals by state-certified appraisers. If the agreed purchase price exceeds the average appraised price of the two (2) appraisals, the city commission may, by extraordinary vote, approve the purchase.

(e) For each purchase of real property in an amount of one hundred thousand dollars ($100,000.00) or less, the city commission may, by ordinary vote, exempt the purchase from the requirement for an appraisal. Such vote to exempt the purchase from appraisal requirements shall be recorded in the official minutes of the city commission.

(Ord. No. 95-01, § 1, 2-21-95; Ord. No. 2011-32, § 1, 12-20-11; Ord. No. 2013-17, § 1, 11-5-13)