60A - PROPERTY DISPOSITION POLICY

Home Browse Search

There may be opportunities for the City to lease rather than sell its real property that results in a benefit to the City and its residents. City property shall be considered for leasing when one or more of the following criteria apply: • The property is not required for current municipal use, but is to be held for possible future use and can be leased as an interim measure. • The City requires substantial control over development, use and reuse of the property. • The property has the immediate potential of a high return to the City because of its high demand and type of use, such as commercial and industrial land. • The property can be efficiently utilized by a provider of services needed by the City. The property can be leased to promote a substantial economic development opportunity or enable the provision or community benefit. • The property can only be leased because of legal restraints. For example, property acquired with Land and Water Conservation funds or held as dedicated park land. • The property can provide a substantial community use or benefit to City residents. Process to Determine Community Use/Benefit Classification of City -Owned Property Available for Lease: Upon ratification of this policy, on the first of every month, the City Manager shall provide the RPDC with a list of City -owned properties that are being considered for leasing. The RPDC shall review and recommend the City -owned properties that are classified as having significant community use or benefit potential. No fewer than 75 percent of properties reviewed by the RPDC in each calendar year shall be classified as having significant community use/benefit potential. Lessee Selection: For City -owned properties classified by the RPDC as having significant community use or benefit potential, the City shall first provide written notice of lease availability of these properties to nonprofit community organizations and entities described in Section 5, at least 60 days before notifying the public. After 60 days, competitive offers for lease of City property shall be solicited in the open market. This may be accomplished through a number of marketing techniques, such as Request for Proposals (RFPs), a marketing subscription system, direct advertising, use of a Multiple Listing Service (MLS), listing with a broker, posting the property and any other appropriate means. In certain limited situations, the City may exclusively consider a single proposal for lease of City property. Potential lessees wishing to exclusively negotiate with the City must submit for City staff review a business case with sufficient justification as to how it is capable of optimizing the use of the property and return to the City, thereby negating the need for a 60A-32