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Item 1.
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| City Council Work Session | |
| Date: | 08/05/2024 |
| Title: | Consultants for Real Estate |
| Presented by: | Chris Kukulski, City Administrator |
| Department: | City Hall Administration |
| Presentation: | Yes |
| Legal Review: | Not Applicable |
| Project Number: | N/A |
RECOMMENDATION
The Consultants for Real Estate will be introduced to the City Council at the meeting on August 5. There will be a report out to all those who participated on Friday morning August 9 at 9am at the Billings Association of Realtors office.
BACKGROUND (Consistency with Adopted Plans and Policies, if applicable)
The Billings Association of Realtors was awarded one of four national grants to bring in experts to meet with community stakeholders regarding the attainable workforce housing needs in Billings and Yellowstone County with a focus on Community Land Trusts, CLTs.
STAKEHOLDERS
Consultants for Real Estate, (CRE).
ALTERNATIVES
CRE will be recommending properties suitable for building attainable workforce housing as part of their focus during the week.
FISCAL EFFECTS
The city of Billings could see a positive impact from additional non preforming lands owned within the City through additional property tax generation. There is also an impact to the park budget to maintain these under-utilized properties.
SUMMARY
The CRE team of consultants will be introduced to the City Council and answer any relevant questions to this time. Wendy Timm, bio attached will be leading the team during the Billings visit. If additional council members are interested in meeting with the team, please contact Steve Simonson to make arrangements at 4065301334 or steve@billings.org