[Adopted 10-17-1978 by Doc. 253 (§ 2-114 of the 1980 Code)]
[Amended 7-10-2007 by Doc. 76]
In all cases whereby any person (individual, firm, trust, corporation or partnership) is permitted to take occupancy, possession and use of land in this City, said land being owned by the City, and pending a deed having been given by the City, said person shall be required to pay a fair and reasonable rental for the use and occupancy of said land in lieu of a real estate tax payment, subject to MGL c. 30B, § 16, said amount to be negotiated and determined by the City, through the office of the Mayor, and said person prior to said use and occupancy.