The Board has exclusive control of the disposal of all District property. Once the Board has considered all of the factors relating to a proposed sale of real property, it shall comply with all the requirements of law.
- Prior to, but not more than one (1) year prior to, such sale or conveyance, the Board shall have the property appraised by an appraiser certified in the State of Idaho. The appraisal shall be entered in the records of the Board of Trustees and shall be used to establish the value of the real property. [Idaho Code 33-601 (3)]
- The property may be sold at public auction or by sealed bids, as the Board shall determine, to the highest cash bidder. [Idaho Code 33-601 (4) (a)]
- Notice of the time and the conditions of such sale shall be posted, and published twice, and proof thereof made, in accordance with Idaho Code 33-402 (3). The exception is that when the appraised value of the property is less than one thousand dollars ($1,000), one (1) single notice by publication shall be sufficient and the property shall be sold by sealed bids or at public auction. [Idaho Code 33-601 (4) (a)]
- The Board may accept the highest bid, may reject any bid, or reject all bids and have new appraisals made and again post and publish notice of bids, as before. If thereafter, no satisfactory bid is made and received, the Board may proceed under its own discretion to sell and convey the property. If the real property was donated to the District the Board may, within a period of one (1) year from the time of the appraisal, sell the property without additional advertising or bidding. In no case shall any property of the District be sold for less than its appraisal. [Idaho Code 33-601 (4) (a)]