Real property must be leased for a rent or fee, payable in cash or other consideration,
equal to or exceeding the property's fair market rental value, unless the City Council
has made a finding and determination that the lease of the property for less than
its fair market rental value is in the best interests of the City. In the case of
lessees who provide in-kind services in lieu of cash rent, the value of such in-kind
services to the City or the community at large may be considered in making the required
Council finding and determination. For purposes of this chapter, in-kind services
include benefits or values the provider renders to the City or the community at large
as a result of the tenancy in lieu of payment of cash. This may include, but not be
limited to, property security and maintenance, social and cultural benefits to the
community, or other appropriate services.
(Ord. No. 13287, § 3, 1-6-2015)
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
