Opinion ID: 1723768
Heading Depth: 2
Heading Rank: 2

Heading: Sale of interest in real estate. A second statute is involved. Iowa Code section 364.7 provides:

Text: A city may not dispose of an interest in real property by sale, lease for a term of more than three years, or gift, except in accordance with the following procedure: 1. The council shall set forth its proposal in a resolution and shall publish notice as provided in section 362.3, of the resolution and of a date, time and place of a public hearing on a proposal. 2. After the public hearing, the counsel may make a final determination on the proposal by resolution. Riley also concedes that the city did not, contemporaneously with the execution of the lease in 1987, comply with section 364.7 by publishing a resolution concerning the city's granting of the right of first refusal. The city argues, and the district court held, that any right of first refusal in the Riley lease is void because of the city's failure to comply with this statute and section 364.3.