Sec. 2-29. - Real property transactions; city council approval of lease.

(a)

The city council must approve any and all leases of real property by the city.

(b)

The city council shall not approve, nor shall the city enter into a lease agreement for real property, if said lease exceeds a period of five years. If said lessee intends to request an extension of the lease, the city must be notified one year prior to the termination of the existing lease. Said extension shall not exceed a period of five years, which will be reviewed and may be renewed.

(c)

Despite the prohibition set forth in subsection (b) of this section, the city council may, at its discretion, renew or renegotiate any existing longterm lease that was approved by the city council, and entered into by the city, prior to the enactment of this section.

(Code 1994, § 2-32; Ord. of 6-1-2005(5))