(1) The Lessee is required by the terms of the lease to expend the sum of $25,000 or more for capital assets or to provide for the renovation or maintenance of any capital asset, or the Lessee's or tenant's expenditure is equal to or in excess of the sum of $25,000 as determined by the City Council. The term "capital asset" includes not only the construction of improvements but the installation of furniture and fixtures, the cost of which would be depreciable over the period of the lease in excess of five years; or (2) Whenthepropertyisdevotedtothetrainingandeducation ofhandicappedorblindpersons and by the terms of the proposed contract, the Lessee or tenant is required to construct on such property any improvement, the estimated cost of which, including cost of labor and materials, is equal to, or in excess of, the sum of $10,000, as determined by the City Council.
