A. If the City Council determines that a parcel of City-owned real property is at the time not needed for public use, the City Council may authorize the lease of such property under any terms and conditions considered appropriate by the Council and deemed to be in the best interests of the City and in accordance with this chapter.
B. Before any lease of real property, the City shall:
1. Provide reasonable notice of the proposed lease at least seven (7) days before a scheduled meeting at which the City will hear public comment; and
2. Hold a meeting at which the City Council accepts public comment on the proposed lease.
C. If, after public comment has been received, the City Council makes a determination to proceed with the lease, the property may be leased by any method deemed appropriate by the City Council on terms and conditions deemed to be in the best interests of the City and in accordance with this chapter and Utah Code Annotated section 10-8-2.
D. Leases of real property shall not be granted for a period of over five (5) years unless expressly authorized by the City Council.
E. Any lease of property shall not be for less than fair market value unless specifically approved by the City Council. (Ord. 18-07)