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A significant level of effort is given to preparing surplus City-owned property for sale. This provides the City with a significant source of revenue for the general fund ($300,000 anticipated this fiscal year) and an opportunity to stimulate development interest in vacant and distressed properties. The Office of Planning utilizes a Request for Proposals (RFP) process, which enables the City to consider the proponent's bid price, as well as the long-term benefit to the city and community. In the next few weeks, the Office of Planning will recommend the sale of a number of vacant lots to the City Council, including lots located on Salem Street, Park Street, Walnut Street, Newbury Street and Amesbury Street.
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