Except as otherwise provided by law, whenever
the City wishes to acquire or dispose of real property, it shall do
so as set forth in this chapter.
With regard to any property which has a value
less than $5,000 as determined by the Assessor on the last Grand List
or to property which consists of a vacant lot which may not be used
or developed for building purposes, the City Manager is authorized
to maintain ownership of or dispose of such property as approved by
the City Council, without further approval.