When real property is determined by the City Council to be suitable for tenant occupancy, and that occupancy is consistent with the public purpose for which it was acquired or not be needed for the public purpose for which it was acquired for up to five years, the City Council may lease all or any part of it to another for a term not to exceed five years at fair market rent. If a potential tenant who desires to lease real property from the city is tax-exempt nonprofit, the City Council shall have the discretion to lease the real property for rent that is less than fair market value. The City Council may require additional lease terms and conditions consistent with the public health, safety, and welfare.
(Ord. 13-273, passed 2-25-2013)