How must a municipal property be sold through a private sale?

A municipal property must be sold through a private sale by following specific guidelines established by law. The correct approach mandates that the sale process is conducted by ordinance, ensuring that there is a formal and documented public record of the transaction. This process serves to promote transparency and accountability in municipal dealings.

Additionally, the inclusion of state agencies in the sale further emphasizes compliance with legal requirements, as it ensures that any potential buyers who may be governmental entities are formally recognized within the sale process. Such measures help prevent any arbitrary or informal sale that could lead to issues of fairness or mismanagement of public resources.

In contrast, selling the property to the highest bidder during an auction doesn't apply to private sales, as those are typically reserved for public auctions and competitive bidding scenarios. The notion of selling without any formal process undermines the regulatory framework put in place to safeguard municipal assets. Lastly, while public votes can be necessary in certain contexts for major decisions, they are not a standard requirement specifically for private sales, as the ordinance itself fulfills the governance needed for such transactions.