18.80.020 Procedure.
A. Real property considered for exchange shall be reviewed by the planning commission. The planning commission shall recommend to the assembly, by resolution, their recommendations regarding the exchange.
B. The resolution shall set out:
1. The value or method for determining value of the real properties to be exchanged by the borough and the real properties to be received in exchange by the borough;
2. Evidence of marketable title of the real properties to be exchanged;
3. Recommended terms and conditions of the exchange including the responsibility for costs of surveys, appraisals, title search, and agreement preparation; and
4. Alternatives considered.
C. After receipt of the recommendations provided in subsections A and B of this section, the assembly may find that the borough real property to be exchanged is no longer required for municipal purposes and direct the exchange be consummated in a manner and by terms established by resolution, notwithstanding other provisions of this title. [Ord. 78-7-O §2, 1978].