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A. The Treasurer shall prepare rules governing the conduct of
the foreclosure sale. The rules shall be available at least 60 days prior
to the foreclosure sale. B. Each property shall be sold separately for its respective
sales price.
C. Only bids in the amount of the sales price for a property are
acceptable. In situations where there are two or more acceptable bids, the
successful bidder shall be determined by lot. In the event there is more
than one acceptable bid and the successful bidder fails to pay, sale of the
property shall again be determined by lot. However, if there is only one
remaining acceptable bid, the property will be sold to that bidder.
D. Property which is not sold may again be offered for
sale. The steps in Sections 5.30.130 through 5.30.240 shall be
followed.
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