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Council weighs selling or repurposing city properties to cover debts
Summary
Council and staff discussed property options — old police station, community center, dock, corner lot and the firehouse — asking staff to inventory assets and evaluate whether sale or revenue-generation could help cover deficits while protecting core services.
Council members and staff reviewed the city's real property portfolio to identify assets that might be surplused or repurposed to raise revenue. Staff said they do not expect large sale proceeds because Isleton has a small tax base (roughly 400 parcels were cited) and several properties are tied to essential services; the dock and community center were repeatedly raised as potential income-generating assets if retrofitted. "There's the dock, the restroom," a staff speaker said when listing locations under review.
Council asked staff to return with a prioritized inventory and to note any conflicts of interest or council attachments to particular properties. Staff cautioned against selling assets before audits and before documenting creditor negotiations because doing so could complicate bankruptcy or creditor claims. The council discussed whether a dual ballot measure (disincorporation plus a tax to assume debt) could be an option, but no motion was made.
