APPROVAL REQUIRED.
(a) Council is hereby authorized to dispose of real property owned by the Municipality, whether such disposition is of the entire interest of the Municipality in such property or a lesser included estate in such property and whether for an established period by lease or permanently by conveyance, upon such terms and conditions and according to such procedures as Council determines are in the best interests of the Municipality under the circumstances.
(b) Council is authorized to exchange real property owned by the Municipality for other real property upon the determination that the property received in any such exchange is equally or more suitable to municipal purposes than that property owned and the subject of the exchange.
(c) Any disposition of property of the Municipality, whether by sale, lease or exchange and whether of the entire interest in the property or any lesser included estate of such property, shall require the affirmative concurrence of five members of Council.
(Ord. 01-98. Passed 2-4-98.)