The mayor, with city council approval, may lease or sublease any property, including real property, under such terms and conditions as the mayor and city council may deem desirable, fair and appropriate, either by use of negotiations or bidding, considering intended land use and equivalent property tax value, and the best interest of the city. Leases of real property shall not be granted for a period of over five (5) years, generally, provided leases for a period exceeding five (5) years may be approved by the city council, for good cause. (Ord. 10-10, 11-18-2010)