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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 also add a 30‑day posting period before application review and require the assessor to provide a value for properties under consideration.
Key changes and discussion: Staff summarized proposed edits and cited the existing city ordinance (3.12.040) that designates the Economic Development Committee to negotiate sales or leases for parcels intended for commercial or residential redevelopment. The revision adds language requiring that, if a parcel acquired for redevelopment is later considered for public facilities (for example a fleet facility or fire station), the economic development committee will review the proposal in addition to the Infrastructure and Facilities Committee. Director Lindman and other members discussed the practical difference between parcels acquired for redevelopment versus those purchased for public facilities.
Committee action: Alder Neal moved to accept the submitted policy changes; Alder Henke seconded. The committee approved the edits unanimously.
What was added: Staff said they would also advertise properties more visibly and explore listing options (including MLS access) to reach prospective developers; staff noted some listing options would carry membership or platform fees.
Ending note: Staff will implement the policy edits and follow the revised posting and valuation steps when city land is offered for redevelopment or repurposing.
