107.04  COMPETITIVE BIDDING ELIMINATED IF IN BEST INTEREST OF CITY.
   The City may sell, lease, exchange or option any real property or personal property belonging to it, without advertisement and without the receipt of competitive bids, pursuant to legislation approved by the affirmative vote of two-thirds of the current members of Council authorizing the same and pursuant to a finding by the officer, board or department having supervision or management of such property that it is no longer needed for any municipal purpose, upon determination by Council that it is in the best interest of the City to do so and upon such terms and conditions as  Council may decide.  The fact that such advertising and competitive bidding are being eliminated and the reason why it is in the best interest of the City to do so shall be stated in the legislation authorizing such action. 
(1978 Code 37.08)