§ 136-1. State law superseded.

Section 23(2)(b) of the General City Law is superseded insofar as it is inconsistent with the provisions of this chapter.

§ 136-2. Authorized; approvals required.

Whenever the City Council shall determine, by ordinance approved by the vote of 3/4 of all the members of said Council, that City real estate owned by the City is no longer needed for City purposes, it may direct that said City real estate shall be sold to a particular purchaser for a stipulated sum determined by it as a fair price for the same without the necessity of competitive bidding and upon such other terms and conditions as it may determine appropriate. Any such sale of City real estate shall not be valid or take effect unless made as aforesaid and subsequently approved by resolution of the Board of Estimate and Apportionment, and also approved by the Mayor.