This bill amends West Virginia Code §8-12-18 to increase the threshold value for municipal property that must be sold through public auction from $1,000 to $10,000. Additionally, it introduces provisions that allow municipalities to negotiate the sale of real property directly to adjacent property owners when the governing body determines that the highest and best use of the property is for such a sale. In these cases, municipalities are required to provide written notice to all adjacent property owners and may engage in negotiations with those expressing interest in purchasing the property.

The bill also maintains existing provisions regarding the sale, lease, or disposition of municipal property, ensuring that municipalities can still sell or lease property for fair and adequate consideration. It emphasizes the need for public notice and auction for property sales above the new threshold while allowing for flexibility in transactions involving adjacent property owners. Overall, the bill aims to streamline the process for municipalities in managing their real property assets while ensuring transparency and public engagement.

Statutes affected:
Introduced Version: 8-12-18