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ERWIN A. PETIERSON <br />ROBERT C. BELL <br />WILLARD L. CONVERSE <br />ROGM A. JENSEN <br />KURT F. WALTHER <br />W. TIMOTHY MALCHOW <br />MARTIN J. COSTIELLO <br />July 5, 1977 <br />Mr, Steve North <br />Assistant City Manager <br />City of Roseville <br />2660 Civic Center Drive <br />Roseville, Minnesota-. 55113 <br />Re: Sale of City Real:�Estate <br />Our File No, M7-415 <br />You have requested us to suggest a procedure to be used when <br />selling city real estate S <br />There is no statute setting forth standards and procedures <br />to be used in the- sale of municipally owned real estate. <br />We do believe, however, that if it is deemed a-dvisable to <br />sell such real estate that the city should take steps to <br />assure that the price secured for the real estate is a fair <br />and reasonable onep <br />We recommend that the City secure an appraisal from a <br />qualified appraiser concerning his opinion a-s-to the fair <br />market value of the property. <br />It might also be advisable,depending on the circumstancej <br />of the sale, to advertise the property in the real estat, <br />secti-on of the St. Paul newspaper. I <br />In the event a buyer is found, a standard Earnest Money <br />Contract should be signed by the buyer and that co'ntract <br />should be brought before the Counci]. for its acceptance. <br />In the event it is acceptedithe Council should authorize thi== <br />Mayor and City Manager to execute the deed to -the propertyp <br />I v <br />too <br />W14� <br />ply, <br />I - <br />L'& CONVERSE <br />