(a) The city may acquire, own, and hold real property or any interest in real property inside or outside the city boundaries by purchase, lease, exchange, transfer, donation, condemnation or declaration of taking under the city's power of eminent domain, or any other legal method. Unless otherwise directed by the City Council, the Mayor has authority to negotiate the terms of acquisitions, subject to council approval. Except as provided in divisions (b) and (c) of this section, and unless otherwise provided by law, all acquisitions shall be by resolution approved by a majority vote of the total membership of the City Council. Real property shall be held in the name of "City of Sand Point."
(b) Upon passage of a resolution approved by a majority vote of the total membership of the City Council, the Mayor may act on behalf of the city to execute those documents required in the acquisition of real property or interest in real property when that property to be acquired is conveyed from the Native Village Corporation in partial satisfaction of the requirements of Section 14 (c)(3) of the Alaska Native Claims Settlement Act (ANCSA).
(c) The City Council may approve and authorize the purchase of real property or interest in real property by contract of sale, deed of trust, or lease.
(d) Prior to approval of the purchase of property under division (c) of this section, the Mayor shall furnish the City Council with an abstract of title, an appraisal of the real property, and a review of any problems in acquisition. The validity of any acquisition or purchase of real property by the city is not affected by the failure to furnish the City Council with such materials.