DATE: April 6, 2026
TO: Council Economic Development Committee
FROM: City Manager
SUBJECT
Title
Overview of Real Estate Objectives and Strategy
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RECOMMENDATION
Recommendation
That the Council Economic Development Committee reviews and provides feedback to staff on the proposed Real Estate Objectives and Strategy (Attachment II).
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SUMMARY
This report provides an overview of the City’s Real Estate Objectives and Strategy for evaluating selected City-owned properties, including the City Center, C Street and Main Street, and Cinema Place sites. The strategy is intended to ensure responsible stewardship of public assets while aligning property decisions with the City’s broader economic development, fiscal sustainability, and community objectives. The City’s Real Estate Objectives and Strategy, including the proposed evaluation framework and potential disposition process, is provided in Attachment II.
ATTACHMENTS
Attachment I - Staff Report
Attachment II - Real Estate Objectives and Strategy