California Government Code

§ 37380

GOV § 37380Div. 3 · Title 4 · Part 2 · Ch. 5 · Art. 2

Statute text

(a)A city may lease property owned or held or controlled by it, or any of its departments, for not to exceed 55 years.

(b)Notwithstanding the 55-year limitation in subdivision (a), a city may lease property owned or held or controlled by it, or any of its departments or boards for a period exceeding 55 years but not exceeding 99 years, if all of the following conditions are met:

(1)The lease shall be subject to periodic review by the city and shall take into consideration the then current market conditions. The local legislative body may, prior to final execution of the lease, establish the lease provisions which will periodically be reviewed, and determine when those provisions are to be reviewed.

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Legislative history

Amended by Stats. 1983, Ch. 720, Sec. 2.