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Committee recommends council review for sale of city-owned Industrial Way parcel
Summary
A committee member asked whether to sell a city-owned parcel on Industrial Way; the assessor estimated an assessed value of about $46,000. The Finance Committee recommended a public offering or RFP and bringing the issue to full council for a transparent sale process.
A committee member asked the Finance Committee how to respond to interest in a city-owned parcel on Industrial Way that is not tax-acquired. The assessor estimated the parcel’s assessed value at about $46,000, and members noted the parcel sits adjacent to the transfer station and has limited, mostly industrial uses.
Committee members recommended the item be taken to the full council and suggested using a public offering or an RFP and realtor to ensure transparency and a fair price. "I think it certainly should be something like RFP or make it publicly available," the Chair said, noting the city should get a fair price and avoid favoring a single buyer.
Staff noted some city-owned parcels have limited utility and that housing or modular construction proposals were being considered elsewhere but not at this location. The committee asked staff to include the parcel in upcoming realtor RFP work and to present options at the council meeting in April.
No formal motion was made; the committee agreed to return the matter to the council with background information and recommended processes for sale or public offering.
