Cape Coral City Council agreed to look into selling properties it deems surplus Wednesday.<\/p>\n
Mayor John Gunter said he brought the proposal forward to look outside the box for revenue sources for the city.<\/p>\n
\u201cThe city manager is looking for a consensus to move this forward. He will go back and confirm that these properties are going to be surplus. He will have to bring those back to us in a voting meeting,\u201d Gunter said, adding that he was looking for a \u201cconsensus to move forward with the initiative knowing it will have to come back to us with specificity.\u201d<\/p>\n
Councilmember Joe Kilraine said it was a great recommendation.<\/p>\n
\u201cAll of these parcels we are not getting ad valorem taxes on,\u201d Kilraine said. \u201cIf they are on the tax roll and given a yearly income because of ad valorum taxes. To move all these surplus properties forward, we can benefit on both sides.\u201d<\/p>\n
According to agenda documents, the value of the properties ranged from an estimated market value of $10,000 to $750,000.<\/p>\n