Selling City Property as a Catalyst for Redevelopment – Thursday, October 19, 2017

Selling City Property as a Catalyst for Redevelopment
3:45 p.m. – 5:15 p.m.
Coquina F

Many cities, counties and CRAs have underutilized properties that could be sold or donated to other parties to achieve the goals of the redevelopment plan. What steps are taken to make it happen? This session will cover in detail eight such transactions: four requests for proposals (RFPs), two bid processes and two property donations by the City of New Smyrna Beach in the past eight years. These eight transactions are for a variety of project types: three commercial projects, three residential projects, one mixed-use project and one to a nonprofit organization providing an important community service. The presentation will include how to approach the marketing of the property, specifics for structuring an RFP and the negotiated contract, as well as using the bid process.

CM 1.0

Speakers: Donna M. Gray-Banks, Community Resource Coordinator, City of New Smyrna Beach and Co-Chair, FBA Environmental Justice Committee; Shannon J. Schmidt, Economic Development and CRA Director, City of Clermont; and Tony Otte, CEcD, FRA-RA, CRA/Economic Development Director and FRA Board Member, City of New Smyrna Beach