Procedure for consideration of bids; second offering.

Reno Administrative Code § 15.01.130

in effect

Sec. 15.01.130. - Procedure for consideration of bids; second offering. (a) At the time and place fixed in the resolution of intent for the public meeting, all sealed bids which have been received shall, in public session, be opened, examined and considered by the city council. Of the proposals submitted which conform to all terms and conditions specified in the resolution of intent referenced in section 15.01.100, above, and which are made by responsible bidders, the bid which is the highest must be finally accepted unless a higher oral bid is accepted at the public meeting or the city council rejects all bids. (b) At the public meeting and before accepting any written bid, city council shall call for oral bids. If, upon the call for oral bidding, any responsible person offers to buy or lease the property upon the terms and conditions specified in the resolution of intent for a price exceeding by at least five percent the highest written bid, then the highest oral bid which is made by a responsible person must be finally accepted, unless provided otherwise in this chapter. (c) The final acceptance by the city council may be made either at the same session or at any adjourned session of the same public meeting held within the following 21 days. (d) The city council may, either at the same session or at any adjourned session of the same public meeting held within the following 21 days, if it deems the action to be for the best public interest, reject any and all bids, either written or oral, and withdraw the property from sale or lease. (e) If the property is not sold or leased at the initial offering, the city council may offer the property for sale or lease a second time pursuant to this chapter. If there is a material change relating to the title, zoning or an ordinance governing the use of the property, a new appraisal must be obtained pursuant to section 15.01.090 before offering the property for sale or lease a second time. If the property is not sold or leased at the second offering, the city council may list the property for sale or lease at the appraised value with a licensed real estate broker, provided the broker or a person related to the broker within the first degree of consanguinity or affinity does not have an interest in the property or an adjoining property. (f) Any resolution of acceptance of any bid made by city council shall authorize and direct the mayor to execute a deed or lease and authorize the city manager, or his designee, to deliver it upon performance and compliance by the purchaser or lessor with all the terms or conditions of his contract which are to be performed concurrently therewith. (g) The city council may require any person requesting that real property be sold pursuant to the provisions of this section to deposit a sufficient amount of money to pay the costs to be incurred by the city council in acting upon the application, including the costs of publication and the expenses of appraisal. This deposit must be refunded whenever the person making the deposit is not the successful bidder. The costs of acting upon the application, including the costs of publication and the expenses of appraisal, must be borne by the successful bidder. (Ord. No. 5795, § 2, 1-11-06; Ord. No. 5991, § 2, 12-12-07)

Source: City of Reno, Nevada, Administrative Code, City Charter and Annexation and Land Development Code (Municode Library, library.municode.com)URL: https://library.municode.com/nv/reno/codes/administrative_code?nodeId=PT2READCO_TIT15CIPR_CH15.01REPRSALE_S15.01.130PRCOBISEOFFetched: 11/1/2026