121.03 REAL ESTATE TRANSACTIONS.
   (a)   Whenever, in the judgment of Council, it shall be considered advisable to purchase or lease any real estate or building or part of a building for the use of the City or any department thereof, the Council shall by ordinance authorize the Mayor, or the officer or board having control of the department for the use of which the purchase or lease is to be made, except as otherwise provided by law, to make the purchase or lease. The ordinance shall contain a specific description of the property or building proposed to be purchased or leased, and the terms and conditions upon which the purchase or lease shall be made. The Mayor or other officer or board authorized by the ordinance to purchase or lease property for the use of the City shall transmit to the Council with the original deed or lease, a copy of any mortgage that may have been executed on the part of the City and any other documents that may have been entered into and formed part of the transaction of purchase or lease not before presented to the Council.
   (b)   All deeds, leases, or other articles of conveyance whereby the City acquires any right or title to any property shall be subject to the final approval of the Council, and shall be filed in the office of the Director of Public Safety and Service, except as otherwise provided by law. It shall be the duty of the Director of Public Safety and Service to copy the deeds or conveyances in the record of deeds, and the leases in a book provided for that purpose, to be known as the “Record of Leases,” and to enter them for transfer and record in the offices of the County Auditor and recorded. He shall also notify the City Auditor of the approval of the deeds or lease immediately after action by Council. (1993 Code 30.10)