What is a requirement for selling municipal property at auction?

The requirement for selling municipal property at auction is that a resolution must authorize the auction, which must then be published in the newspaper. This ensures transparency and public awareness, allowing the community to understand that property is being put up for sale and providing the opportunity for public engagement. The resolution serves as an official record of the decision made by the governing body regarding the sale of municipal property, outlining the details and conditions associated with the auction. Publishing the resolution in a newspaper allows for broader dissemination of this information to the public, ensuring compliance with legal standards and fostering an open governmental process.

The other options fail to capture the formal requirements necessary for auctioning municipal property, as they either reference aspects that are not mandated or do not fully encapsulate the procedural necessities set by law.