§ 15-9-116 — Property acquired in project; disposition to private persons; procedure; notice; proposals; contracts

(a) A municipality may:
(i) Dispose of real property in an urban renewal area
to private persons only under reasonable procedures it
prescribes or as are provided in this section;
(ii) By notice published once each week for four (4)
consecutive weeks in a newspaper having a general circulation in
the community, prior to the execution of any contract to sell,
lease or otherwise transfer real property and prior to the
delivery of any instrument of conveyance with respect thereto
under the provisions of this section, invite proposals from and
make available all pertinent information to private redevelopers
or any persons interested in undertaking to redevelop or
rehabilitate an urban renewal area or any part thereof. The
notice shall:
(A) Identify the area or portion thereof;
(B) State that:
(I) Proposals shall be made by those
interested within thirty (30) days after the last day of
publication of the notice; and
(II) Information as is available may be
obtained at the office designated in the notice.
(b) The municipality shall consider all redevelopment or
rehabilitation proposals and the financial and legal ability of
the persons making the proposals to carry them out. The
municipality may accept any proposals it deems to be in the
public interest and in furtherance of the purposes of this
chapter. A notification of intention to accept a proposal shall
be filed with the governing body not less than thirty (30) days
prior to acceptance. Thereafter the municipality may execute a
contract and deliver deeds, leases and other instruments and
take all steps necessary to effectuate a contract in accordance
with the provisions of W.S. 15-9-115.