City Council Approves New Contract for Management of City-Owned Apartments

December 3, 2024 - 10:21

In a decisive move, the City Council has unanimously approved a contract with Monarch Properties for the management of eight city-owned apartment complexes, which encompass a total of 594 residential units. This agreement, finalized during a meeting on Monday night, aims to enhance the living conditions and operational efficiency of the properties.

Monarch Properties, known for its experience in real estate management, will oversee various aspects of the apartment complexes, including maintenance, tenant relations, and overall property administration. The decision is expected to bring a fresh perspective and professional management to these city-owned units, which have been a crucial part of the community's affordable housing strategy.

Council members expressed confidence in Monarch's ability to improve tenant satisfaction and ensure the properties are well-maintained. This contract renewal reflects the city’s commitment to providing quality housing options for its residents while fostering a collaborative relationship with experienced property management firms.