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(a) Upon compliance with all provisions of this article, the application, together with the written <br />recommendations of the city attorney, city engineer, and director of the public works department, <br />shall be submitted to the Planning and Zoning Commission for review, which shall, after holding a <br />public hearing, make a recommendation on the application for consideration by the City Council. <br />(b) Upon receipt of the recommendation of the Planning and Zoning Commission, the city council <br />shall make a final determination as to whether or not an application filed under this article shall be <br />granted or denied. <br />(c) The city council may waive bid procedures and publication requirements in the sale or the <br />disposal of real property interests belonging to the city in the following circumstances: <br />(1) Narrow strips of land, or land so shaped or so small as to be incapable of being used <br />independently as zoned or under applicable subdivision or other development control <br />ordinances, in which event such land may be sold to the abutting property owners in <br />proportion to their abutting ownership, such division between owners to be made in an <br />equitable manner; <br />(2) Streets or alleys, whether owned in fee or used by easement, in which event such land <br />or interest may be sold to the abutting owners in proportion to their abutting ownership, <br />such division between owners to be made in an equitable manner; <br />(3) All types of easements where the abutting property owners also own the underlying fee <br />simple title, in which event such land or interest may be sold to the abutting property <br />owners in proportion to their abutting ownership, such division between owners to be made <br />in an equitable manner, <br />(4) Any land or interest therein which was originally acquired for the purpose of streets, <br />rights -of -way or easements, which the city chooses to trade or exchange as consideration <br />for other land acquired for streets, rights -of -way or easements, including transactions <br />which may be partly for cash and partly by trade or exchange; <br />(5) Land owned by the city which it desires to have developed by contract with an <br />independent foundation; or <br />(6) Any interest in land that is conveyed by the city to a governmental entity having the <br />power of eminent domain. <br />(d) Any conveyance, sale or trade made under the provisions of this article shall never be for less <br />than the fair market value of the land or interest being conveyed, or sold or traded, as determined <br />by an appraisal obtained by the city, which shall be conclusive of the fair market value of such land <br />or interest. In conducting such appraisal, the appraiser shall appraise the tract of land sought to be <br />closed or conveyed as if it were an integral part of the adjoining or abutting tracts of land, and as if <br />the city owned such tract of land in fee. In all cases fair market value shall be considered the <br />100% fee simple value as determined by such independent appraisal, whether the city owns the <br />land in fee simple or has an interest in the tract of lank, including a street, alley or easement. <br />(e) Governmental entities shall be exempted from the payment of fair market value to the city. <br />(f) The fair market value received in the vacating, abandoning and closing of the street, alley or <br />easement, unless otherwise directed by the city council, shall be deposited by the city into the <br />general capital improvement fund to be used forigeneral capital improvements throughout the city." <br />3 <br />