[R.O. I 966 C.S. § I 0: 12- I]
In the case of the sale of City-owned property, the successful bidder prior to the closing of title shall not assign his/her bid or any right, title or interest in the property on which the bid was made, without the prior approval of the Municipal Council unless expressly authorized in the resolution of the Council setting forth the conditions governing bids, and then only to the extent so permitted.
CROSS REFERENCE: For management, operation and sale of City-owned property, see Division of Property Management, Section 2: l 0- 1.4.