AgdaPkt 2012-11-19 - Laserfiche WebLink

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6.1. B. - Page 16 • 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 sale with the objective of clearing title and limiting City responsibility and liability for land which is of no interest or use to City. ATTY/POLICIES/PROPERTY ACQUISITION AND DISPOSITION PROCEDURES REV: 10-04-12 PT Page 12 of 21