After a successor agency obtains its Finding of Completion, it is required to put together Long Term Property Management Plans that set forth the disposition of each property owned by the successor agency. The PMPs discuss those properties that will be retained by the successor agency for governmental purposes and those that are to be sold in the open market.
Listen to the podcast here as Larry Kosmont, President & CEO, Kosmont Companies; and Stephen Heaney, Managing Director, STIFEL discuss the opportunities presented by the PMPs along with the associated challenges.
Click here to download the slides from the breakfast roundtable during the Bond Buyer’s 23rd Annual California Public Finance Conference.