3.62.030 LEASES.

(a) Personal Property. When a lease of City property or the property of another is for a term not to exceed one year and involves a consideration of twenty-five thousand dollars or less, it may be approved by the City Manager. If it is for a term in excess of one year, or involves a consideration of more than twenty-five thousand dollars, then it may be approved by the City Council.

(b) Real Property. When a lease of City property or the property of another is for a term not to exceed one year and involves a consideration of twenty-five thousand dollars or less, it may be approved by the City Manager. All other leases of City property may be approved by the City Council.

(c) Term. No lease of City property may be granted for a term to exceed ninety-nine years, except that marsh, tide and submerged lands granted to the City by the State may be leased for a longer period if permitted by the terms of such grant.