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 not less than five (5) members of Council, and including an opinion by the officer, board or department having supervision or management of such property that it is no longer needed or 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. (Ord. 42-2013. Passed 6-11-13.)