§ 401-161. General statement of policy.

A. 

It is the general policy of the Town of Barnstable to manage its real assets in order to maximize the desired return from a real estate holding over the life of the property through the implementation of the appropriate strategies. Another important purpose of property management is to ensure that tenants live in a safe and clean environment and have their property-related problems resolved promptly. Property management is structured to generate one or more of several objectives:

(1) 

Cash flow to the Town;

(2) 

Maintenance of the Town's current property portfolio; and

(3) 

Appreciation of the Town's real assets.

B. 

The Town of Barnstable recognizes that the keys to successful property management are policies on rent collection, income and expenses, adaptability to the market and attention to the environment.