This bill amends existing laws regarding the sale of surplus property by water-sewer districts in Washington State. It raises the threshold for when a notice of intention to sell is required for personal property, increasing the limit from $2,500 to $5,400. Additionally, it modifies the regulations surrounding the private sale of real property, increasing the estimated value threshold from $5,000 to $7,500. The bill stipulates that the estimated value must be determined by the board of commissioners based on advice from real estate appraisers and brokers, and it mandates that any sale of real property must be for at least ninety percent of its estimated or appraised value.

Furthermore, if a property cannot be sold at this minimum value after 120 days, the board may adopt a resolution to sell it at the highest price obtainable through public auction. The bill requires that notices of intention to sell, whether for personal or real property, must be published in a local newspaper for two consecutive weeks, detailing the property, sale terms, and conditions for bidding. These amendments aim to streamline the process for water-sewer districts to manage and sell surplus property effectively.

Statutes affected:
Original Bill: 57.08.015, 57.08.016