SECTIONS 10511-10513 - California Statutes

PUBLIC CONTRACT CODE

SECTION 10511-10513

10511. (a) (1) The Regents of the University of California shall
give public notice to bidders of the sale of University of California
real property situated in California if the estimated value of the
real property to be sold exceeds the amount specified in paragraph
(2).
(2) Paragraph (1) shall apply to real property whose estimated
value exceeds five hundred thousand dollars ($500,000) net to the
seller.
(b) Notice of the sale of real property shall be by publication a
minimum of six times, between 2 and 12 weeks preceding the day set
for receiving bids, as follows:
(1) A minimum of three times in at least one newspaper of general
circulation in the county in which the property is situated.
(2) At least three times in a newspaper of general circulation in
the City of Los Angeles, the City of San Diego, the City of San
Francisco, or the City of Sacramento, whichever is deemed most
appropriate by the regents.
(3) The published notices shall specify the general description of
the property, the source for bid materials and information, and the
date and place for the receiving of sealed bids.

10512. (a) On the date designated in the public notice, the sealed
bids shall be publicly opened.
(b) (1) The regents shall accept in public the bid that offers the
combination of price and terms which it deems to be in the best
interest of the university, or reject all bids.
(2) If a successful bidder fails to perform in the manner
specified, the regents may, at their sole option and without further
notice, accept, from those remaining bids submitted and opened in
public pursuant to subdivision (a), the bid that offers the
combination of price and terms that the regents deem to be in the
best interest of the university.

10513. The publication and award procedures set forth in this
article shall not be applicable to any of the following:
(a) The sale of an undivided or fractional ownership interest in
real property.
(b) A sale of a right of use in real property that is less than
fee ownership.
(c) A sale of real property subject to title conditions or
restrictions on the university's ownership deriving from the origin
of that ownership by gift, devise, or otherwise, if that sale would
be inconsistent with those title conditions or restrictions.
(d) The disposition of real property acquired through exercise of
a power of sale pursuant to a deed of trust, or held as an asset in
the university's investment portfolio.
(e) A sale of public lands under the direction of the federal land
agent.
(f) A sale to a person or entity who will dedicate the real
property to public use.
(g) A sale of real property acquired after January 1, 1985,
through eminent domain proceedings initiated by the Regents of the
University of California. In those cases, the person from whom the
property was acquired shall be notified and be accorded an exclusive
opportunity for 90 days to purchase the property at its fair market
value. If the person fails to undertake proceedings to purchase the
property within 90 days, the procedures specified in Sections 10511
and 10512 shall then be followed in the sale of the property.
(h) An exchange to acquire real property of another person or
entity for university purposes. Any exchange shall be upon terms and
conditions agreed to by the exchanging parties.