(1)
(a) For a significant parcel, the local governmental entity may approve disposal after:
(i) complying with any statutory provisions outside this part that govern the local governmental entity and the local governmental entity's public property; and
(ii) except as provided in Subsection (2), the governing body approves the disposal by majority vote in a public meeting.
(b) In a public meeting described in Subsection (1)(a)(ii), the governing body shall disclose the details of the proposed offer, including:
(i) if a sale, the proposed purchaser and proposed price; and
(ii) if a lease or a joint venture, the terms of the offer and the proposed conveyee.
(2) If a local governmental entity has an ordinance or resolution governing the disposal of real property that does not require action from the governing body or a public meeting, the local governmental entity may comply with the local governmental entity's ordinance or resolution if:
(a) the local governmental entity has complied with the requirements of Section 11-1-203; and
(b) the ordinance or resolution provides a method by which the public is informed of the local governmental entity's action, either before the action takes place or in a reasonable time after the action takes place.