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6.1. B. - Page 25 <br /> a) The City will follow requirements of the State of California Streets <br /> and Highways Code in disposing and abandoning public right-of- <br /> way. <br /> b) Right-of-way that has been purchased in fee or easements <br /> purchased with City funds will be sold or leased in accordance <br /> with the policies above. <br /> c) The City may reserve an easement for its water and sewer system <br /> or may reserve a blanket easement for all utilities. Easements <br /> used for utility transmission and distribution systems will normally <br /> be reserved. If the utility previously using the easement declines <br /> further use, the City will offer it to other utilities before <br /> abandonment. <br /> d) The City may place conditions of approval on abandonments of <br /> right-of-way that must be satisfied prior to transfer of ownership <br /> of the subject property or termination of the easement. <br /> e) The City will not guarantee the title of any abandoned right-of- <br /> way. Transfer of title to abandoned right-of-way that is owned in <br /> fee by the City should be by a quit claim deed. <br /> F. USE OF FUNDS FROM SALE OR LEASE <br /> When the City sells or leases property, this revenue should be directed to certain funds and <br /> purposes — housing, economic development, capital projects, and/or future land acquisition. <br /> There is an on-going housing shortage occurring at all income levels and funds could be used to <br /> develop the City's housing portfolio. Economic development funds may be supplemented to <br /> support staffing for business outreach and development for programs such as the fa�ade and <br /> signage improvement programs, special events, and marketing. In addition, revenues from <br /> sales and leases may be used to assist in property acquisition and capital improvement <br /> programs. At the time that sales or leases occur, staff will seek direction from the City Council <br /> as to the specific allocation of the revenues to one or more of these funds or purposes. <br /> ATTY/POLICIES/PROPERTY ACQUISITION AND DISPOSITION PROCEDURES <br /> REV: 10-04-12 PT <br /> Page 21 of 21 <br />