Planning & Zoning/Staff Recommendations:
SUMMARY EXPLANATION AND BACKGROUND:
The City of Cape Coral owns 1,548 strapped parcels. Staff has identified 488 parcels required for current or future use; 686 parcels with potential future development, of which 507 parcels are located in Festival Park and Lake Meade Park; and 374 parcels which could potentially be sold as surplus.
The sale or disposition of surplus real property is governed by the Code of Ordinances, Division 3, Section 2-155. In the past, the City’s surplus real property was sold by listing the parcels on the Multiple Listing Service (MLS). The Code of Ordinances requires the property be listed for sale for a period of not less than 30 days.
Staff recommends listing any future City surplus properties on the Multiple Listing Service in order to obtain maximum exposure and the highest price for each property.
Disposition Steps for Surplus Real Property
Portion of Procurement Section of the Code of Ordinances
SOURCE OF ADDITIONAL INFORMATION:
Victoria L. Bateman, CPA, CGFM
Financial Services Director
Dawn Andrews, Property Broker
Financial Services / Real Estate Division