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Council approves resolution to transfer a previously purchased parcel into urban renewal ownership
Summary
Council approved a resolution to correct the deed for a property originally purchased with urban renewal funds so title reflects Urban Renewal Agency ownership rather than the city's general fund; staff said the transfer corrects the paperwork to match original intent.
The council approved a resolution to transfer title for a parcel purchased in 2022 from the City's name into Urban Renewal Agency ownership. Staff said the property was intended to be held in urban renewal ownership but was inadvertently titled in the city's name; the resolution authorizes staff to correct the deed to place the property in the urban renewal agency's ownership. Staff said the parcel was purchased with urban renewal funds and that the resolution merely corrects the paperwork so the chain of title and future deed transfers match the original financing intent. Councilors asked whether the purchase was funded by urban renewal; staff confirmed it was and explained the administrative correction was to keep documentation consistent for future transactions. Council voted to approve the resolution; staff will proceed with deed-transfer paperwork and follow-up recording steps.
