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06-24-2025S RE Portfolio Workshop

San Marcos City Council
July 8, 2025

Document
06-24-2025S RE Portfolio Workshop
Meeting
July 8, 2025
Body
San Marcos City Council
Original file
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Text extracted from the city's file for reading and search. Open the original on legistar2.granicus.com. That file is the official record.

MINUTES
Special Meeting of the San Marcos City Council

TUESDAY, JUNE 24, 2025
Valley of Discovery
1 Civic Center Drive, San Marcos, CA 92069
CALL TO ORDER: Mayor Jones called the City Council Meeting to order at 3:00 PM.

ROLL CALL:

PRESENT: COUNCILMEMBERS: JONES, LEBLANG, MUSGROVE, NUÑEZ, SANNELLA ABSENT: COUNCILMEMBERS: NONE

ORAL COMMUNICATIONS
There were none.

WORKSHOP – REAL ESTATE PORTFOLIO OPTIMIZATION
CITY MANAGER BENDER AND MATT TRAINO, IDS, provided a summary of the workshop and information regarding the city’s real estate portfolio.

CITY COUNCIL DISCUSSION INCLUDED: clarification of current real estate and economic conditions and overview, total number of city properties and parcels, Redevelopment properties and dissolution challenges, AOA grand avenue project update, Surplus Land Act disposition of properties process and challenges, noticing for disposition of properties, repurposing of real estate and properties at Creekside, financials for Creekside Marketplace, tree preservation and redevelopment of buildings at Creekside, status of federal leases, unconventional uses of properties and new opportunities for investments and revenue generation.

ADJOURNMENT
Mayor Jones adjourned the meeting at 4:14 PM.
________________________________
REBECCA D. JONES, MAYOR

CITY OF SAN MARCOS
ATTEST:
_____________________________

PHILLIP SCOLLICK, CITY CLERK

CITY OF SAN MARCOS
Special City Council
Tuesday, April 22, 2025 | Page 2 of 2

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