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File #: 20-130    Version: 1
Type: Action Item Status: Passed
File created: 3/18/2020 In control: City Council
On agenda: 5/26/2020 Final action: 5/26/2020
Title: Purchase and Sale Agreement with Donald E. and Mary L. Clark for acquisition of real property Ward(s): All Wards Councilor(s): All Councilors Neighborhood(s): WSNA Result Area(s): Good Governance; Natural Environment Stewardship; Safe, Reliable and Efficient Infrastructure; Strong and Diverse Economy; Welcoming and Livable Community.
Attachments: 1. Proposed Agreement, 2. Exhibit E to Agreement, 3. Exhibit F to Agreement, 4. Public Comments from Steve Anderson
Related files:

TO:                      Mayor and City Council   

THROUGH:                      Steve Powers, City Manager   

FROM:                      Kristin Retherford, Urban Development Department Director 

                                          

SUBJECT:

title

 

Purchase and Sale Agreement with Donald E. and Mary L. Clark for acquisition of real property    

 

Ward(s): All Wards    

Councilor(s): All Councilors    

Neighborhood(s):  WSNA    

Result Area(s): Good Governance; Natural Environment Stewardship; Safe, Reliable and Efficient Infrastructure; Strong and Diverse Economy; Welcoming and Livable Community.  

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ISSUE:

 

Shall the City Council authorize the City Manager to execute the attached Purchase and Sale Agreement for the acquisition of real property located at 1990 Wallace Road NW?     

 

 

RECOMMENDATION:

recommendation

 

Authorize the City Manager to execute the attached Purchase and Sale Agreement for the acquisition of real property located at 1990 Wallace Road NW.    

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SUMMARY:

 

On June 10, 2019, Council directed staff to use funds from the 2008 Streets and Bridges Bond to acquire right-of-way for a portion of the Marine Drive NW alignment.  Staff has come to terms with Donald E. and Mary L. Clark (Seller) for acquisition of property located at 1990 Wallace Road NW (Property). Acquisition of the Property includes a single-family house and barn located on the site.

 

 

FACTS AND FINDINGS:

 

Staff and Seller have come to terms on a Purchase and Sale Agreement (Agreement) (Attachment 1) for acquisition of the Property. Key terms of the Agreement are below.

 

Price:                                                               $1,350,000

Site Size:                                          ~3.75 acres (to be surveyed)

Easement:                                          Access easement to Seller’s remainder property to the east

Lease:                     Lease with Seller for 0.5 acre portion of the Property for storage of farm-related uses, no rent will be charged during the term of the lease, and it may be terminated when it is needed for City construction of Marine Drive

Subdivision:                                          City to complete subdivision of existing site to create legal lot    

 

BACKGROUND:

 

Funding for this acquisition will come from the Marine Drive NW allocation of the 2008 Streets and Bridges Bond. 

 

  

                     Clint Dameron    

                     Real Property Services Manager    

 

Attachments:

1.                     Proposed Agreement

2.                     Exhibit E to Agreement

3.                     Exhibit F to Agreement