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A. Borough land disposal by competitive bidding or proposals shall be awarded to the highest bidder at the time the bids or proposals are opened in accordance with the criteria set forth in the resolution required under KIBC 18.20.030.

B. If the assembly finds it to be in the best interest of the borough to do so, it may reject all bids or proposals up to the time set for the opening of the bids or proposals. [Ord. 86-40-O §4, 1986].