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R0732 R E S O L U T I O N NO. 732 WHEREAS, the District is empowered by Plan Section 3.020(6) to sell and convey any property no longer necessary or useful in its operations, and WHEREAS, the public interest will be served by the exercise of this power from time to time as sewage treatment facilities are constructed and other operational changes occur, and a procedure is required, NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of The Metropolitan St. Louis Sewer District that: 1. The Executive Director shall determine, as the operations of the District indicate, whether any certain real property is no longer necessary or useful. He shall thereupon cause such property to be appraised at its fair market value by at least two competent, independent and disinterested appraisers. 2. When such appraisal indicates that the value exceeds the costs of sale, the Executive Director shall invite proposals for the purchase of the property by giving notice in the form which follows and on the terms and conditions set forth in the notice. 2 NOTICE OF REAL ESTATE TO BE SOLD ON SEALED BIDS THE METROPOLITAN ST LOUIS SEWER DISTRICT will receive sealed written proposals at the office of its Executive Director, 2000 Hampton Avenue, St. Louis, Missouri 63139, until the hour of ______ on _____________, the ______ day of ____________, 19____, for the purchase of all of its interest in and to that certain real property situated in the City of ____________, County of ___________ State of Missouri, described as follows: (Legal description) Proposals should be addressed to the undersigned and must be plainly marked "Proposal for Purchase of Realty." Proposals will be publicly opened and read at the time stated above. The terms and conditions of sale are as follows: Cash in lawful money of the United States or certified (or cashier's) check payable to the District, in the amount of three per cent (3%) of the purchase price to be deposited with each and every bid; the balance of the purchase price to be paid on or before delivery of deed. Sale will be made to the highest bidder, subject to the right to reject any or all bids and subject to confirmation by ordinance adopted by the Board of Trustees of the District before the sale becomes binding on the District. Should such ordinance not be adopted within fifteen (15) days after the opening of bids, any acceptance of a proposal by the undersigned shall be void and all bids shall be deemed to have been rejected. Dated this ________ day of _____________, 19____. 3 ATTEST: THE METROPOLITAN ST. LOUIS SEWER DISTRICT Charles Clardy, Secretary-Treasurer By Peter F. Mattei, Executive Director 3. The Executive Director shall cause the notice specified above to be published three times in the St. Louis Globe-Democrat or the St. Louis Post-Dispatch, newspapers of general circulation published in the District. The final publication shall be made at least ten days before the date of opening of bids. 4. The Executive Director may cause the same notice to be mailed or sent to all persons having an interest in bidding for the property. 4 The foregoing Resolution was adopted July 23, 1964.