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EXHIBIT 1 Council approval of any agreement to dispose of the real property. 1. DESIGNATION OF CUSTODIAN OF LIST OF REAL PROPERTIES AVAILABLE FOR DISPOSITION Following adoption of this policy, the Clerk of the Council will function as the official custodian of the list of City real properties available for disposition and subject to this policy and make the list available to the public. As properties are disposed of, or added to the City's real property portfolio, the Clerk will be provided timely updates by the City Agency disposing of the real property, or adding property to the portfolio. 2. PROCESS TO DETERMINE REAL PROPERTY INTERESTS POTENTIALLY AVAILABLE FOR DISPOSITION Several City Agencies possess expertise related to valuation and disposition of real property. This Disposition Policy establishes a Real Property Disposition Committee (RPDC) chaired by the Executive Director of the Public Works Agency (or his or her designee) and is comprised of the following six (6) representatives: • Executive Director for the Planning and Building Agency • Executive Director for Community Development Agency • Executive Director for the Parks, Recreation and Community Services Agency • Chair of the City Planning Commission • Chair of the Community Redevelopment and Housing Commission • Chair of the Board of Recreation and Parks The function of the RPDC is to review and recommend City -owned real property assets and interests for inclusion on the list of properties available for disposition held by the Clerk of the Council. Meetings and deliberations of the RPDC will be noticed and conducted publicly. The agenda of the RPDC will allow for public comment. Real properties may be made available for disposition subject to the below described review criteria. As part of its charge, the RPDC will review the City's real property inventory to determine which properties are remnant, unneeded, and marginally used and therefore potentially available for disposition. A City owned property may be recommended for disposition by the RPDC if: • The property is not currently used by a City department or does not support a municipal function. • The property is vacant and has no foreseeable use by the City. • The property is a non-performing or under -performing asset and greater value may be generated by its sale or lease. • Significant economic development opportunities may be generated by selling or leasing the property. 19E-6