Title
City-Owned Real Estate and Facilities Policy
Action
Action:
Approve the Housing and Neighborhood Development Committee’s recommendation to adopt the City-Owned Real Estate and Facilities Policy.
Body
Committee Chair:
LaWana Mayfield, Housing and Neighborhood Development
Staff Resource(s):
Mike Davis, Engineering and Property Management
Gina Shell, Engineering and Property Management
Tony Korolos, Engineering and Property Management
Explanation
§ On March 27, 2017 City Council repealed the Guidelines for Asset Management, which were established by the Privatization/Competition Advisory Committee (PCAC) and adopted by City Council on July 25, 1994.
§ The Policy on City-Owned Real Estate and Facilities will establish a comprehensive portfolio management strategy.
§ The intent of the Policy is to ensure the acquisition, use, management, and disposition of City-owned property demonstrate responsible, responsive, and transparent management of public resources and are consistent with City Council priorities.
§ In managing the City property and facility portfolio, the Policy will direct staff to:
- Address City operational needs and City Council priorities;
- Fully analyze financial implications and alternatives;
- Gather and respond to community input as appropriate; and
- Comply with applicable federal, state and other property encumbrance requirements in the management of City real estate and facilities.
Committee Discussion
§ On April 26, 2017, the Housing and Neighborhood Development Committee voted unanimously (Mayfield, Austin, Ajmera, Driggs, Kinsey) to recommend the adoption of the Policy on City-Owned Real Estate and Facilities: Directives for a Portfolio Management Model.
§ The Policy was favorably reviewed by members of the Budget Committee (Phipps, Driggs, Kinsey, Lyles, Mayfield) for financial implications.
Attachments
Attachment(s)
City-Owned Real Estate and Facilities Policy