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9.B. - Page 18 <br /> 2. Redwood City should consider selling property that: <br /> • Does not meet the criteria above for holding or criteria below for <br /> leasing <br /> • Has identified private sector development interest <br /> • Is proposed for development with use(s) compatible with the <br /> General Plan and the City's Precise Plans and City Council's <br /> Strategic Initiatives. <br /> • Is not wanted or needed for public use (now or in the foreseeable <br /> future) <br /> 3. Redwood City should consider leasing property if: <br /> • Leasing the property will maintain /allow a desired use /land use <br /> • There is a market for the property in its current condition <br /> • The City would like to retain the option to develop the property in <br /> the future for other uses <br /> B. PROPERTY CATEGORIES FOR DISPOSITION PURPOSES <br /> In 2012, the City conducted a comprehensive inventory of City -owned property and an <br /> evaluation of land disposition under the 2010 General Plan, the revised 2011 Downtown Precise <br /> Plan, and 2012 market conditions. [See April 23, 2012 Report Regarding Inventory of City - <br /> Owned Parcels.] Of approximately 20,966 parcels within the City limits, the City owned <br /> approximately 247 as of 2012. The City -Owned Property Inventory is maintained by the City <br /> Manager's office with other copies available at the City Hall counter for public use. <br /> As a result of this work, the City established four categories of properties for the purpose of <br /> addressing disposition. They are: <br /> • Public Facility. These parcels were identified as necessary to sustain City <br /> operations and are not recommended for disposal. <br /> • Remnant Parcel. These are awkward, undevelopable fragments of land evolving <br /> from subdivided parcels over time. Generally, these have been identified for <br /> ATTY /POLICIES /PROPERTY ACQUISITION AND DISPOSITION PROCEDURES FINAL <br /> REV: 09 -16 -13 PT <br /> Page 12 of 22 <br />