Why is the City giving away public docks?

The city is the sole owner of all of the docks in the Lost Lake harbor – 37 overnight by the Villa development, and 24 along the boardwalk – 14 which are transient day docks and 10 of which are overnight.  Of the overnight docks, the Villas on Lost Lake have first right of refusal for 27 of them and this new development will have first right of refusal for 10 of them, leaving a minimum of 10 available for rent by Mound residents along with any others not taken by the two developments.  Both developments pay an annual slip fee similar to the public.