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Committee reviews city lease portfolio; moves into executive session and a sale motion is made
Summary
Staff reviewed eight city‑owned leased properties, proposed outsourcing property management from enterprise funds, noted upcoming lease renegotiations for 39 and 49 Florida and a conduit license at 931 Union, and after an executive session the committee moved to sell three properties to Back Forty Builders (motion made and seconded; no vote recorded in the public transcript).
Economic development staff reviewed the city’s eight leased properties and proposed steps to strengthen management and marketing of city‑owned assets.
Staff reported most properties return healthy margins (60–77% for those where the city pays expenses), identified 39 and 49 Florida as leases coming up for renegotiation, and noted a…
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