Draft Real Estate Policies for Affirmation

1. Hold developable land in portfolio wherever possible:

– Ground lease assets to generate revenue.

– Sell when necessary to finance acquisitions or improvements.

2. Update Facilities Master Plan (FMP) annually & focus on “service delivery” as the driver for real estate decisions.

Draft Real Estate Policies for Affirmation

3. Mesh energy policy with real estate strategy to reduce operating costs.

4. Create reserves for maintenance and preservation of owned assets.

5. Ownership is preferable to long term leasing arrangements:

– Lease-conveyances are a cost effective option to finance acquisitions.

Draft Real Estate Policies for Affirmation

6. Partner with the private sector to improve service and reduce costs.

7. Explore “virtual offices” and multi-use centers as value driven approaches to address occupancy needs.

8. Implement flexible processes to streamline real estate transactions.

Draft Real Estate Policies for Affirmation

9. Work collaboratively with the City in which a County property is being developed at the direction of the Board, while continuing to present recommendations to the Board that are in the best interest of the County and its residents.

10. Task OC Real Estate to provide recommendations regarding the current and future use of County Assets.