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Council approves transfer of two properties to land bank; city told it will incur $224,251 loss
Summary
The council agreed to transfer 34 Ports Boulevard and 54 Hunter to the land bank; the Moderator said the transfer will result in a $224,251 loss to the city and members signaled approval.
Moderator presented Resolution 82, which authorizes transferring two parcels (Ports 34 Boulevard and 54 Hunter) to the land bank and warned the transfer would come at a loss to the city of $224,251. The Moderator said, "This will come at a loss to the city of $224,251," and members registered assent.
The transfer was presented as administrative action consistent with land-bank processes; the transcript does not record a roll-call vote or additional details such as buyer or remediation plans. Council members did not request further briefing during caucus, and the item advanced by voice assent.
