Any real property belonging to the City or in
the control of the City may be leased, sold or otherwise alienated
at public or private sale. No lease, sale or other alienation at public
action shall be authorized, except by a vote of a majority of all
the members of the Council, and no lease, sale or other alienation
at private sale shall be authorized except by a vote of 2/3 of all
the members of the Council.
Real property belonging to the City leased,
sold or otherwise alienated by public sale shall be at public auction
by the City Comptroller to the highest bidder after public notice
published at least once a week for two successive weeks in the official
newspaper of the City. The public notice shall contain a reservation
of the right of the Council to reject any and all bids, and a description
of the property by street address, Tax Map or survey map shall be
deemed sufficient description in such public notice.
Real property belonging to the City may be sold,
transferred, leased to or exchanged with any municipal corporation,
school district or fire district or the State of New York or the United
States Government at or for such consideration and upon such terms
as the Council may determine, in its discretion.
The phrase "real property belonging to the City"
as used in this chapter shall not include real property acquired by
the City upon the foreclosure of any tax or assessment lien or the
transfer of such lien.