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City unveils draft land‑banking strategy and sets a modest biennial set‑aside to leverage partners
Summary
City staff presented a draft land‑banking strategy focused on partnership‑led acquisitions, an evaluation checklist, holding and disposition policies, and a proposed $50,000 per year ($100,000 biennium) set‑aside to leverage partner funding and predevelopment work.
Assistant City Manager Joseph Brillio and Development Project Manager Mandy Burr presented a draft land‑banking strategy that emphasizes partnerships with developers and nonprofit partners, a checklist for evaluating parcels, clear holding and disposition approaches, and a case‑by‑case budgeting approach.
Mandy Burr summarized the strategy's priorities: focus acquisitions where they deliver public benefit (housing,…
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