Title
A Resolution Approving a new section to be included in the City of Colorado Springs Procedure Manual for the Acquisition and Disposition of Real Property Interests.
Presenter:
Darlene Kennedy, Real Estate Services Manager
Steve Posey, HUD Program Administrator
Peter Wysocki, Planning and Development Director
Body
Summary:
The attached Resolution amends the Real Estate Manual by establishing criteria and procedures for transferring City-owned Property for a Community Benefit.
Previous Council Action:
On August 13, 2018, City Council was introduced to the proposed amendment to the Procedure Manual for the Acquisition and Disposition of Real Property Interests. City Council agreed to place this item on the Consent Calendar for the August 28 Regular Session.
Background:
The proposed amendment was initiated by City staff (and supported by Councilmembers Knight and Geislinger) as a result of previous Council discussions regarding transferring of land below market value to non-profit/community organizations. Currently, the Real Estate Manual does not have specific standards or procedures for disposal/transfer of land to organizations that intend to use the said land for defined or identified community benefit(s). As the Council is aware, staff has typically processed such transactions under the category of "One Logical, Potential Purchaser".
A Community Benefit, in this context, is defined as a traditional governmental function or a charitable endeavor that City Council determines will contribute to the well-being of the State, Region, or City, or any of their institutions or residents.
Requests are periodically made for the City to transfer certain City-Owned Properties to a private person or entity, which would result in a Community Benefit.
Pursuant to the provisions of the RES Manual, the City Council is empowered to transfer City-owned property for specific reasons. This amendment to the RES Manual provides another option, s...
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