Audit: City of Albuquerque unaware of property it owns

From - By: Chris Ramirez, KOB Eyewitness News 4 - An audit released recently reveals for decades the City of Albuquerque didn’t centralize or properly manage the real property it owns. “Over the course of many years, there hasn’t been a centralized storage process to warehouse those documents,” said Lisa Gutierrez, Real Property acting director. The City began a massive project in 2010 to gather all titles, deeds, and real estate contracts. So far, the project is about two-thirds complete, according to Gutierrez. At the end of the project, all real property owned by the City should be available in one centralized database for employees and residents. “We would like the taxpayers to have access to those kinds of records so that they can go in and run various reports to look at their neighborhoods,” Gutierrez said. Once the city compiles all of its data, Gutierrez said city leaders will analyze the properties and determine which ones are no longer needed. Gutierrez said the city will likely sell off non-essential real property.Read story


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