Explanation
BACKGROUND:
This ordinance realigns departmental responsibilities with respect to management of city assets. This realignment will place a single agency with the responsibility for overall management of land used for city operations (except rights-of-way and utility easements) and prescribed buildings. The responsibilities of the Finance Department will be expanded to include the management of city real property and certain facilities used for city operations, allowing a centralized decision-making process based upon a cost-benefit analysis that will benefit all departments involved with real estate purchases, leases, new construction and renovation of facilities, determination of space utilization, and building management and maintenance.
This realignment will involve the transfer of the Facilities Management Division to, and the creation of a new Office of Real Estate Management in, a renamed Department of Finance and Management. The Real Estate Management Office will be staffed by transferring six of the thirteen employees currently assigned to Development's Land Management Office. This new office will assume responsibility for the management, acquisition, sale, and leasing of real property used for city operations not involving rights-of-way or utility easements.
The responsibility for non-operating real estate being held for possible redevelopment will remain in the Land Management Office, which will be renamed the Land Redevelopment Office. This realignment will enable the Department of Development to concentrate on critical redevelopment activities that involve real property.
A new Assistant Director for Asset Management within the Department of Finance and Management will lead the activities outlined above for the new department and will coordinate the work of the Facilities Management Division and Real Estate Management Office.
FISCAL IMPACT:
Over the longer term, centralization of real property services for city opera...
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