Surplus property determined by the Purchasing Agent to be no
longer useful for any municipal purpose shall be sold or disposed
of under such terms and conditions as the City Council shall by order
determine. Surplus property which is not bid on or claimed within
a reasonable amount of time may be disposed of by the Purchasing Agent
in a manner he deems to be in the best interest of the City, with
documentation.
Any City-owned real estate on which no offers have been received
within 90 days after having been advertised in a newspaper of general
circulation in the City shall be readvertised.
Any lease for City-owned land shall be approved by the City
Council prior to execution of the lease by the department having custody
of the land. Any short-term or long-term lease of City-owned real
estate shall contain an escalation clause.