Sentence examples for city assets from inspiring English sources

In Michigan, emergency managers can break union contracts, fire city officials and sell off city assets.

The plan that city officials voted against Tuesday night included selling city assets to meet obligations to bondholders.

They argue that the latest plan, which called for the sale of city assets like its parking garages, amounted to yet another short-term fix.

In interviews, mayors spoke about their efforts to keep their cities afloat by raising taxes, consolidating services, selling off city assets and shrinking their work forces.

Mr. Koplinski said the receiver should have sought a tax increase only after negotiating a settlement with creditors and selling city assets, including parking garages and the incinerator.

When an emergency manager is appointed, the authority of elected officials is suspended and the manager assumes control of public contracts, city assets, staff, pay and benefits.

"You're getting a city asset, so it's paid for.

Godfrey, the former boss of the Investment Association – which includes all the major City asset management groups – admitted that pay levels and bonuses in the industry are too high.

Businesses say they need the spots for deliveries, but the number of underused spaces has raised questions about whether an imbalance has developed and if a valuable city asset is being mismanaged — parking spaces are public property and an important source of revenue for the city, which gains roughly $125 million annually from meter fees and citations.

Its registrars and art handlers are hauling hundreds of artworks out of storage in preparation for an appraisal now under way by Christie's auction house, which was hired by Detroit's emergency manager to determine how much the museum is worth as a city asset.

What he did in San Antonio, he said, was reinvent a longtime city asset -- a municipal utility -- as an engine for job growth.