Laserfiche WebLink
Attachment A <br />6.3.E. - Page 7 <br />of real property having an appraised value of seventy -five thousand dollars ($75,000) or <br />more shall be authorized only by ordinance of the Board of Port Commissioners adopted <br />by the affirmative vote of at least four - fifths (4 /5ths) of all members of the Board. Any <br />ordinance required hereunder shall be subject to the referendum provisions of this <br />Charter <br />(f) No property shall be exchanged for other property until an appraisal of all property <br />included in the exchange has been made by the City Assessor and the value of the <br />property to be received by the Port equals or exceeds the value of the property to be <br />disposed of by the Port. <br />Section 48a. LEASES: <br />No sale of any real property under the jurisdiction of the Board of Port Commissioners <br />shall be made except in accordance with the provisions of Section 3 -3/4 of this charter <br />and all powers and duties therein imposed on the Council are hereby conferred and <br />imposed on the Board of Port Commissioners with respect to property under its <br />jurisdiction. Every lease of real property under the jurisdiction of the Board of Port <br />Commissioners for a term in excess of one (1) month shall be approved by ordinance <br />after public hearing held on the question of such approval. Such ordinances shall be <br />subject to the referendum provisions of this charter. Every lease of real property under <br />the jurisdiction of the Board of Port Commissioners for a term of one (1) calendar month <br />or less shall be approved by said Board by motion duly made and carried, and may be <br />granted without public notice, hearing, or bid. No lease of real property under the <br />jurisdiction of the Board of Port Commissioners shall be made for a term longer than fifty <br />(50) years. <br />