A. The City Manager may approve the acquisition of an interest in real property if that interest is valued at less than $25,000 or if the property is valued at more than $25,000 and is donated to the City.

B. Dedications of property for rights-of-way shall not be considered acquisitions of property by the City for purposes of this section and may be accepted by the City Manager.

C. The City Manager may transfer or create an easement, leasehold or other interest in real property if the value of the interest transferred is less than $25,000 and the City Manager determines that the transfer is not contrary to the public interest. For leases, the value of the interest transferred shall be measured by the amount of rent due over the first five years of the lease. Leases of airport property are not subject to the dollar limits of this subsection.

D. The City Manager may transfer real property or any interest in real property if the sale price is at least 90 percent of the appraised value and the City Manager determines that the transfer is not contrary to the public interest.

E. The City Manager may enter into, extend or agree to an amendment of any lease at the Bend Municipal Airport if the rent to be charged is consistent with the rates established pursuant to the periodic appraisal used to set lease rates at the airport and the lease does not contain special arrangements that would otherwise require Council approval. [Ord. NS-2207, 2013; Ord. NS-2159, 2011]