The city of Ann Arbor has taken a step toward putting the former YMCA parcel up for sale. The roughly 0.8 acre parcel at the corner of Fifth and William in downtown Ann Arbor is currently used as a surface parking lot in the city’s public parking system. The city purchased the property nearly 10 years ago, in 2003. At its March 4, 2013 meeting, the Ann Arbor city council voted to direct the city administrator to prepare an RFP (request for proposals) for brokerage services to sell the lot.
The city of Ann Arbor’s affordable housing trust fund has been increased by $90,000, through a transfer from the general fund reserve. The action was taken at the Nov. 8, 2012 meeting of the Ann Arbor city council on a unanimous vote.
The amount of the transfer was keyed to the cost of a piece of city-owned property that the city sold recently to the Ann Arbor Transportation Authority. And the justification for the transfer was based on the council’s recent enactment of a formal policy on the use of the proceeds of city-owned land sales.
The $90,000 piece of land is a six-foot-wide strip on the former Y lot at Fifth and William, immediately to the south of the location for the …