Notwithstanding requirements of this title relating to terms, conditions, procedures or other requirements for the sale, lease or other disposal of city land or an interest therein, upon a determination by the Council that a particular use or class of uses of a parcel would benefit or compliment a municipal function, the Council may, by resolution, authorize a disposal of municipal land by negotiation or other means the Council determines will be in the interest of the city. The resolution must include:
(A) Reference to this section of the code;
(B) The identity of the property to be disposed of;
(C) The municipal function that will be benefitted or complimented;
(D) The use or class of uses to which the parcel or parcels may be put that will benefit or compliment the municipal function;
(E) The procedures for the disposal of the parcel or parcels;
(F) The minimum terms of the disposal, if any; and
(G) Other terms or conditions as may be appropriate.
The actual terms of a sale, lease or other disposal of land under this section must be approved by the Council before the disposal may become effective.