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Committee adopts revisions to city property‑disposition policy to increase committee review and disclosure
Summary
The Economic Development Committee approved changes to the city’s property redevelopment/disposition policy to require additional committee review when a property acquired for redevelopment is later proposed for public use, add a 30‑day posting period and require assessor valuation be provided to the committee.
The Economic Development Committee unanimously approved revisions Oct. 7 to the city’s property redevelopment (disposition) policy that clarify review paths and add transparency measures for city‑owned land.
Why it matters: The changes aim to ensure city properties purchased for redevelopment receive both economic development and infrastructure committee review if staff later determine the parcel better serves a public (non‑taxable) purpose. The revisions…
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