Real Property Management Profile

This is a corporate function that provides strategic real estate portfolio management and realty transaction services with implications across the entire organization. The primary objective is to maximize the value of the City of Hamilton's real estate interests while delivering good customer service. This service includes property appraisals, sales and acquisitions; cash-in-lieu parkland dedication; leasing; and expropriations and portfolio planning.

Service Details

Related Subservices

  • No related subservices

Type of Service

  • Internal corporate service

Rationale

  • Core municipal service

Primary Funding Sources

  • Area Rating Reserves
  • Capital Budget
  • Net Levy
  • Rate Budget
  • Reserves
  • User Fees

Service Level

  • At standard

Service Level Source

  • Legislated
  • Council By-law
  • Council approved policy or service standard
  • Past practice

 

Performance Measures

2017


How much did you do? (volume)

  • Transaction Activities
    • Acquisitions: 37 for $42.26 million
    • Dispositions: 51 for $22.77 M
    • Lease/Licence/Renewals: 31 for $2.23 million
    • Property Circulations: 36
    • CIL for Parkland Dedications: 358 for $11.07 million
  • Appraisals: 49
  • Portfolio Reviews: 4

How much did you do? (volume)

  • Transaction Activities
    • Acquisitions: 15 for $13.38 million
    • Dispositions: 32 for $10.92 million
    • Lease/Licence/Renewals: 43 for $1.78 million
    • Property Circulations: 31
    • CIL for Parkland Dedications: 237 for $6.32 million
  • Appraisals: 34
  • Portfolio Reviews: 3

Strategic Plan Priority - Built Environment & Infrastructure Our People & Performance