I expect that the square bracket indicates a place in the sentence/phrase where you can substitute in other words. For example:
"It's a beautiful day to take [Mary] to the park."
"I'm not usually partial to [sweets] but I like [these].
In your example, the word "it's" can be substituted for "the city has" or some longer phrase.
By the way, square brackets usually only appear in written English in the context of a lesson or a technical discussion (or a transcription), or occasionally in a novel or poetry as a literary device. They aren't used as punctuation in common written English.
Edit: Based on the additional detail in the comments, the "[it's]" is something the transcriber added to make a spoken comment into more grammatically correct English.