Discussion and action directing the City Manager to hire a local real-estate firm to conduct an inventory of all municipal real estate and provide a comprehensive report with recommendations for initiating the sale of surplus or underutilized properties. The objective of this item is to identify and sell non-essential municipal real estate to its highest and best use to generate revenue. Funds generated from these sales shall be allocated as follows: • 75% to the General Fund to support city operations. • 25% set aside specifically for street repairs and improvements. This ensures a responsible, community-focused approach to maximizing municipal assets while prioritizing local expertise and reinvestment in critical infrastructure without putting a further burden on the taxpayer.

Committee

City Council

Requested by

City Clerks Office

Introduced

December 11, 2024

On agenda

December 17, 2024

Where it was heard

City Council Dec 17, 2024