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The city shall have and may exercise all rights and powers in the acquisition, ownership, holding and disposal of any interest in real property not prohibited by law.

A. Any sale, exchange or purchase of city land shall be approved by the city council by ordinance after consideration of the recommendations of the planning commission.

B. Any lease or lease renewal of city land shall be approved by the city council by ordinance. [Ord. 15-29 § 2; Ord. 182, 1988.]