§ 2-1543. Exchanges.

The chief procurement officer may acquire real property for use by the city by the exchange of surplus real property owned by the city for the real property to be acquired, provided that the exchange is square-foot for square-foot or dollar-value for dollar-value, whichever the chief procurement officer determines is in the best interest of the city. If the exchange is proposed by an owner and the real property is to be submitted as all or part of a bid for sale of surplus property under section 2-1572, the chief procurement officer shall first determine the city's need for the owner's property. In securing exchanges of property, the chief procurement officer shall comply with the requirements of subsection 2-1541(b).

(Ord. No. 2009-78(09-O-1876), § 14, 12-15-09)