The city council may reject any and all bids received. The city council may waive any minor informality or minor error in any bid, but shall not in any case be obligated to do so. If the city council accepts the bid of the highest bidder and such bidder fails within thirty (30) days of such acceptance to pay for the property, the council may rescind its acceptance and accept the bid of the next highest bidder, or reject any and all bids, as it may deem proper. (Ord. 2000-017 § 2(k)(vii) (Exh. H); Ord. 2000-013 § 1; prior code § 12.07.115)