(a) No contract for the sale or lease of real property or any permanent interest in real property, including easements, belonging to the City shall be made unless authorized by ordinance and approved by a two-thirds vote of Council. Such sale or lease may be authorized by Council without the necessity of public bidding or advertisement.
(b) Except as provided in subsection (c) below, real property or any interest therein may be purchased only upon authorization by ordinance approved by a majority vote of Council.
(c) The City Manager is authorized to purchase road right-of-way, easements and licenses to provide for municipal improvements or necessary for any municipal purpose without such action being authorized by Council, provided that funds for such purchase have been appropriated by Council, or in the event that the purchase is for a price less than fifty thousand dollars ($50,000).
(d) Where Council by ordinance has previously authorized entering an option to purchase real property or any interest therein, the City may exercise such option upon motion approved by Council.
(Ord. 03-23. Passed 7-1-03; Ord. 2011-04. Passed 2-15-11; Ord. 2015-33. Passed 10-20-15; Ord. 2019-07. Passed 5-7-19.)