AGENDA REPORT
DATE: May 28, 2024
TO: City Commission
FROM: Bill McDaniel, City Manager
SUBJECT: Inventory List of Real Property Appropriate for Affordable Housing
EXECUTIVE SUMMARY:
Pursuant to Section 166.0451, Florida Statutes, the City of Plant City is required to prepare an inventory list of all real property in the City to which the City holds fee simple title which is appropriate for use as affordable housing. The City Commission must review the inventory list at a public hearing, and may revise the inventory list at the conclusion of the public hearing. Following the hearing, the Commission shall adopt a resolution that includes the final inventory list.
The City shall make the inventory list publicly available on its website to encourage potential development.
RECOMMENDATION:
Following a public hearing, that the City Commission adopt a resolution approving an inventory list of real property appropriate for affordable housing.
FISCAL IMPACT:
No immediate fiscal impact.
Once disposed, properties will no longer be exempt from property taxes and the City will no longer incur costs to maintain the property. Revenues from the sale of properties will be deposited in the General Fund.
Prepared by: Denise McDaniel, Community Services Manager