Shellharbour City Council says it is still aiming to get $34 million from the sale of assets that will be put towards the construction of the $57 million City Hub.
On Tuesday night councillors met in a confidential session where they were given a briefing from real estate consultants CBRE about the planned asset sale.
In May the council appointed CBRE to work with Illawarra agents MMJ to market and sell the relevant properties identified for sale to fund the hub.
The five properties earmarked to fund the construction of the project include the council's administration building, known as Lamerton House, and the adjacent parcel of land known as Lot 3000, the former council chambers and administration centre in Warilla, land on Noble Road, Tullimbar and on Pioneer Drive, Oak Flats.
Shellharbour Mayor Marianne Saliba said the briefing was in relation to the land sales, as well as funding arrangements.
"The meeting was quite positive and I believe it would have reassured most councillors in regards to the financial plan," Cr Saliba said.
She said councillors were presented with market analysis and options on how and when the properties will be sold, which will be a decision for them to make.
Cr Saliba said while the council was still aiming for the amount previously identified, "the bottom line is the properties are only as valuable as what someone is willing to pay for them."
A full report on the issue will be presented at a future open council meeting, she said.