(1) Before disposing of public property that the local governmental entity has classified as a significant parcel, as described in Section 11-1-202, a local governmental entity shall: (a) publish an announcement of the local governmental entity's intent to dispose of the public property on the local governmental entity's website or a real estate offering website for a minimum of 45 consecutive days; (b) post a physical sign on the public property indicating that: (i) the public property is available for sale, lease, or joint venture; and (ii) offers may be made to the local governmental entity; and (c) announce the local governmental entity's intent to dispose of the public property during a public meeting. (2) A local governmental entity may offer the public property that is available for sale, lease, or joint venture on one or more real estate offering websites. (3) Before disposing of public property that the local governmental entity has not classified as a significant parcel, a local governmental entity shall post a physical sign on the public property indicating that: (a) the public property is available for sale, lease, or joint venture; and (b) offers may be made to the local governmental entity. (4) Nothing in this part diminishes a local governmental entity's discretion to determine the terms and conditions of a disposition of public property in accordance with the local governmental entity's relevant adopted ordinances or policies and other applicable law.
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