(A) The city may lease or convey city property to non-profit organizations for less than fair market value, and without public auction, when the non-profit organization is providing services that benefit the public and are services that the city could lawfully provide; provided that Council has made a factual determination that:
(1) There is a lack of need for such property by the city in comparison to the benefit to the city if property is leased or conveyed; and
(2) There is a demonstrable need for such property by the non-profit organization to be able to perform the services benefitting the public.
(B) In the event the non-profit organization should cease to provide such services to the public, the property shall by operation of law, revert to and vest in the city, and such non-profit organization shall thereafter have no right, title or interest therein or thereto.
(C) Any lease, deed or other instrument of property transfer executed pursuant to this section shall contain the reversion wording in division (B) above.
(Ord. 230, passed 3-2-2017)