San Diego County Grand Jury
• 2016-2017
City of San Diego’s Real Estate Assets Department Leasehold Management Has Weaknesses
⚠️ Translation Notice: This content has been automatically translated. The original English text is the official version. Translation may contain errors.
⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Findings 4 findings
F01
The lag in renewing expired leases does not allow the City to maximize its revenue potential on leased properties and prevents lessees from developing secure, long-term plans.
F02
READ’s inability to bring the backlog of expired leases current demonstrates a lack of adequate resources. Fact: READ has no established standard time period for issuing RFPs prior to lease renewal. 4 “Performance Audit,” https://www.sandiego.gov/sites/default/files/13-009_read.pdf, p. 29 (accessed 11/3/16). 5 “Portfolio Management Plan,” https://www.sandiego.gov/sites/default/files/portfoliomanagementplan.pdf, p. 23 (accessed 10/11/16). Council Policy 700-10, http://docs.sandiego.gov/councilpolicies/cpd_700-10.pdf (accessed 9/14/16). Council Policy 700-12, https://www.sandiego.gov/sites/default/files/legacy/park-and- recreation//pdf/bptf/18.cp700-12dispositionofcityproperty.pdf (accessed 9/14/16). 3
F03
A policy for time-sensitive issuance of RFPs would promote fairness and accountability. Fact: Council Policy 700-10 does not allow downward lease rate adjustments. Fact: Council Policy 700-12 has not been updated since 1985.
F04
Council Policy 700-10 is too rigid and needs revising, and Council Policy 700-12 is outdated, preventing READ officials from making sound leasing decisions that accurately reflect current economic conditions.
Recommendations 3
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17-01Page 4Within fiscal year 2018, provide resources to the Real Estate Assets
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17-02Page 4Direct the Real Estate Assets Department to establish, within fiscal year
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17-03Page 4Work with the Real Estate Assets Department to revise and update Council
No Responses Found 1
Government entities assigned to respond to this report. No response documents have been linked in our database.
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