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A. Upon direction of the assembly, following a public hearing, the manager may dispose of borough property by competitive request for proposals. Said lands shall be limited to those which have been approved for disposal by the assembly under KIBC 18.20.020.

B. The manager, subject to review by the assembly, shall prepare a request for proposals which includes:

1. The borough-owned real property to be disposed of.

2. Terms and conditions of the disposal.

3. Intended use and limitations on use of the property.

4. Minimum requirements for use and development.

5. The deadline for submitting responses or development plans. [Ord. FY2017-29 §2, 2017].