Sec. 3.2. (a) This section applies to the following cities:
(1) A city having a population of more than sixty-nine thousand (69,000) and less than sixty-nine thousand five hundred (69,500).
(2) A city having a population of more than twenty-six thousand (26,000) and less than twenty-eight thousand (28,000).
(3) A city having a population of more than seventy-five thousand (75,000) and less than seventy-nine thousand (79,000).
(b) Notwithstanding section 3(c) of this chapter, the fiscal body of a city must approve:
(1) every sale of real property having an appraised value of ten thousand dollars ($10,000) or more;
(2) every lease of real property for which the total annual rental payments will be five thousand dollars ($5,000) or more; and
(3) every transfer of real property under section 14 or 15 of this chapter.