(A) The Mayor is authorized to enter into contracts for the acquisition of any interest in real property, subject to the approval of the Council as outlined herein. Except in emergencies, the Mayor shall enter into such contracts only when the Council has authorized purchase of the specific parcel or a parcel of its type and location category; such Council authorization is evidenced by the fact that:
(1) Sufficient money, designated for acquisition of the property, has been previously appropriated by the Council; or
(2) Acquisition of such property is specified in the current two-year Capital Improvements Budget; or
(3) The city-owned property to be utilized as consideration in an exchange has previously been declared nonessential for municipal purposes, pursuant to §§ 5-2-1 and 5-2-2, and the Council resolution declaring the property nonessential authorized the city property to be used as consideration to acquire the specific parcel or a parcel of its type and location category.
(B) The contracts, including those accomplishing trades, shall be submitted to the Council by the Mayor at the first regularly scheduled Council meeting after their execution when:
(1) The value of the real property is more than $50,000; and
(2) Sufficient money to be used to acquire the real property has not been previously appropriated by the Council.
(C) All contracts which are submitted to the Council in accordance with the requirements of this section shall be supported by a message setting out the circumstances, benefits, responsibilities and advantages relative thereto.
(D) The Council may approve, take no action or disapprove the contract.
(E) If the Council disapproves by majority vote of the members present and voting, the contract shall be void.
(F) The Mayor may withdraw the contract at any time from the Council or may present revisions thereof. In the event of withdrawal, the contract shall be a nullity. In the event of revision, the provisions of this section shall apply to the same extent as if a new contract were being submitted.
(G) Open Space Acquisitions. The Mayor may from time to time, or shall upon request of the Council, issue solicitations seeking competitive offers to sell the properties on the Council-approved city open space priority acquisition list.
('74 Code, § 5-3-5) (Ord. 32-1980; Am. Ord. 9-1983; Am. Ord. 22-2007; Am. Ord. 2016-008)