Where it appears to be in the best interest of the county and the people thereof, Whatcom County may lease or rent any county real or tax title property and its appurtenances. Such leases may be entered into pursuant to public bid, listing with a licensed real estate agent or application from private parties. In making such lease of county real property and tax title property, the county may lease or reserve any rights to timber, minerals, or other resources on any land owned by the county separate and apart from the land in the same manner and upon the same terms and conditions as provided in this chapter for the sale of real property.
Any lease or rental agreement executed under the authority provided herein creates a vested interest in a contract binding upon the county and the lessee. Prior to any lease or rental of tax title property the terms thereof must be approved by resolution of the board of directors of the school district which would, under state law, be entitled to share in the proceeds of the income received thereof at the time the agreement is executed.
(Ord. 90-126 Exh. A (part))