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6.C. - Page 19 of 29 2. Redwood City should consider selling property that: • Does not meet the criteria above for holding or criteria below for leasing • Has identified private sector development interest • Is proposed for development with use(s) compatible with the General Plan and the City's Precise Plans and City Council's Strategic Initiatives. • Is not wanted or needed for public use (now or in the foreseeable future) 3. Redwood City should consider leasing property if: • Leasing the property will maintain/allow a desired use/land use • There is a market for the property in its current condition • The City would like to retain the option to develop the property in the future for other uses B. PROPERTY CATEGORIES FOR DISPOSITION PURPOSES In 2012, the City conducted a comprehensive inventory of City -owned property and an evaluation of land disposition under the 2010 General Plan, the revised 2011 Downtown Precise Plan, and 2012 market conditions. [See April 23, 2012 Report Regarding Inventory of City - Owned Parcels.] Of approximately 20,966 parcels within the City limits, the City owned approximately 247 as of 2012. The City -Owned Property Inventory is maintained by the City Manager's office with other copies available at the City Hall counter for public use. As a result of this work, the City established four categories of properties for the purpose of addressing disposition. They are: • Public Facility. These parcels were identified as necessary to sustain City operations and are not recommended for disposal. • Remnant Parcel. These are awkward, undevelopable fragments of land evolving from subdivided parcels over time. Generally, these have been identified for ATTY/POLICIES/PROPERTY ACQUISITION AND DISPOSITION PROCEDURES FINAL REV: 09-16-13 PT Page 13 of 22 43