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Mount Vernon panel weighs title reviews, bidding process as city prioritizes surplus properties
Summary
At a March 27 Mount Vernon Real Estate Committee meeting, consultants and staff outlined a plan to link the city's comprehensive plan to a strategy for leveraging surplus city-owned property, while the law department begins title reviews and staff prepare recommendations on prioritized parcels for the next meeting.
Mount Vernon's Real Estate Committee on March 27 reviewed progress on city-owned properties and directed the law department to complete title reviews before staff returns recommendations on prioritized parcels.
The meeting combined two tracks: (1) consultant advice on packaging surplus city property to advance goals in the city's comprehensive plan and (2) staff and legal work to clear or document titles so the city can responsibly evaluate bids previously submitted through an online process.
Pat Cleary, lead consultant for the comprehensive plan, told the committee that packaging city parcels in requests for proposals or requests for information lets the city "very specifically identify the city's goals and bake those into the requests for developers." He described how other cities attach enforceable milestones to developer agreements so properties are redeveloped on a schedule and the city can reclaim parcels if milestones are missed: "They must file an application within 3 months. They must have site plan approval within a year. They…
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