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To amend City Code ?? 8-59, concerning deposits for the sale of City-owned property, 8-61, concerning solicitation of offers by invitation for bids, 8-62, concerning the solicitation of offers by request for proposals, generally, and 8-67, concerning payment, for the purpose of clarifying the timing and form of deposits required and to authorize a submission fee for proposals submitted in response to certain solicitations for the sale of City-owned property.
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THE CITY OF RICHMOND HEREBY ORDAINS:
? 1. That sections 8-59, 8-61, 8-62, and 8-67 of the Code of the City of Richmond (2020) be and are hereby amended as follows:
Sec. 8-59. Deposit.
No ordinance directing the sale of City-owned real estate to a purchaser [pursuant to any offer, bid or proposal] under this article shall be adopted unless and until the purchaser has [furnished the Chief Administrative Officer with] provided a deposit [in the form of a certified or cashier's check] in an amount equal to ten percent of the proposed purchase price [or $100.00, whichever is greater, at the time such offer, bid or proposal is made] either by (i) furnishing the Chief Administrative Officer with such deposit in the form of a certified or cashier's check or (ii) placing the deposit in escrow pursuant to a legally enforceable escrow agreement approved as to form by the Office of the City Attorney. [The proceeds of the certified or cashier's check] If the Council adopts an ordinance directing the sale of the City-owned real estate to the purchaser, the deposit shall be applied to the purchase price upon closing of the sale of [the] such City-owned real estate [if the Council accepts the offer, bid or proposal]. The City may retain the proceeds of the [check] deposit if the [offer, bid or proposal is withdrawn] purchaser withdraws its offer to purchase the real estate before [the evaluation of bids or proposals or] the final action of the Council on the ordinance to direct the sale of the real ...
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