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Willows Council Authorizes Sale of Three City-Owned Residential Parcels to Shore Up Cash Flow
Summary
The Willows City Council voted to authorize the city manager to proceed with sale of three city-owned residential parcels, with staff to investigate title issues and return to the council if a sale would be below appraised value.
The Willows City Council authorized the city manager to pursue sale of three city-owned residential parcels, aiming to generate near-term revenue for the general fund while staff resolves outstanding title and occupancy questions.
City staff told the council the properties under consideration are two residential houses immediately south of the city mall and a narrow vacant lot. Staff said the properties could be relatively quick to market and would return the parcels to the property tax rolls, helping the city’s short-term cash flow while the new sales tax revenues build.
The staff presentation noted the city’s June 2024 financial forecast assumed a conservative $1,900,000 increase in annual sales tax revenue (with an estimated range of $1.8…
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