All City-owned property shall be evaluated with regard
to its present or potential usefulness to the City for streets, sewers
and drains, for public buildings, for economic development purposes,
for parks and natural areas or for other municipal and community uses.
Factors to be examined shall include land area, overall shape, minimum
dimensions, soil characteristics, slope, drainage, potential for flooding,
the presence of wetlands, its potential for correcting neighborhood
problems such as failing septic systems, road frontage, character
of surrounding properties, economic development possibility, whether
it is contiguous to other City land, future usefulness to the overall
traffic circulation needs of the City and other features, as well
as whether any easements should be retained across the property if
it is to be sold. Other factors to consider include annual property
tax generation, job creation, economic benefit, price, environmental
benefit or detriment, proposed land use, community need or neighborhood
benefits when awarding the sale.