NRS 318.5125 – Second offering at auction; listing of unsold property.
1. If real property that is offered for sale pursuant to NRS 318.5122 and 318.5123 is not sold at the initial offering of the contract for the sale of the real property, the board of trustees may offer the real property for sale a second time pursuant to NRS 318.5122 and 318.5123. The board of […]
NRS 318.5126 – Sale not in compliance with requirements is void.
Any sale of real property of a district that does not comply with the provisions of NRS 318.512 to 318.5126, inclusive, is void. (Added to NRS by 2019, 2571)
NRS 318.512 – Appraisal required; selection of appraisers; sale for less than appraisal prohibited.
Except as otherwise provided in NRS 318.1177, 318.118 and 318.215: 1. Before ordering any real property of the district for sale, the board of trustees must: (a) Except as otherwise provided in this paragraph, obtain two independent appraisals of the real property. If the board of trustees holds a public hearing on the matter of […]
NRS 318.5121 – Appraisers: Procedures for selection; disclosure statements; prohibitions.
1. The board of trustees shall adopt by resolution the procedures for creating and maintaining a list of appraisers qualified to conduct appraisals of real property offered for sale by the board. The list must: (a) Contain the names of all persons qualified to act as a general appraiser in the same county as the […]
NRS 318.5122 – Resolution declaring intent to sell at auction and finding that sale is in best interest of district; notice.
1. Except as otherwise provided in NRS 318.1177, 318.118, 318.215 and 318.5124, before ordering the sale of any real property owned by the general improvement district, the board of trustees shall, in open meeting by a majority vote of the members, adopt a resolution declaring the intention of the board to sell the property at […]
NRS 318.5123 – Conduct of sale at auction; withdrawal of property from sale; proceeds; costs.
1. At the time and place fixed in the resolution for the meeting of the board of trustees adopted pursuant to NRS 318.5122, all sealed bids which have been received must, in public session, be opened, examined and declared by the board. Of the bids submitted which conform to all terms and conditions specified in […]
NRS 318.5124 – Exceptions to requirements for sale at auction.
A board of trustees may sell any real property owned by the district without complying with the provisions of NRS 318.5122 and 318.5123 to: 1. A person who owns real property located adjacent to the real property to be sold if the board has determined by resolution that the sale will be in the best […]