New policy to bring process to disposal of City of Penticton land

PENTICTON – A new land disposition policy will make it easier and more transparent for the city to sell off real estate it no longer needs or wants.

City of Penticton Chief Executive Officer Peter Weeber says the new policy provides a clear framework for the disposal of city owned real estate, adding the city has no intention in engaging in a sell-off spree anytime soon.

“The idea is to put a process in place to guide city staff and council, as well as provide an opportunity for public consultation, if necessary, “ he says.

City Council approved the land disposition policy at Tuesday’s regular meeting of council, Jan 23.

The city owns more than 400 property parcels, but Weeber says most of those parcels contain infrastructure or have city buildings on them, with only a few "extraneous" properties in the inventory.

City staff have recommended four properties for council to consider selling off in the 2018 budget,  which includes residential lots and a parking lot.

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