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File #: 21-437    Version: 1
Type: Action Item Status: Passed
In control: City Council
On agenda: 10/11/2021 Final action: 10/11/2021
Title: Purchase and Sale Agreement with the Bob and Sue Creamer Living Trust for acquisition of real property located at 1440 Wallace Road NW in conjunction with the Marine Drive NW project Ward(s): 8 Councilor(s): Lewis 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. Property Map, 2. Agreement, 3. Previous Agreement, 4. Public Comments received by 2:00 p.m. 10-11-21.pdf
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 the Bob and Sue Creamer Living Trust for acquisition of real property located at 1440 Wallace Road NW in conjunction with the Marine Drive NW project    

 

Ward(s): 8    

Councilor(s): Lewis    

Neighborhood(s):  WSNA    

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

end

 

SUMMARY:

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 (Alignment). A portion of the Alignment runs through property located at 1440 Wallace Road NW (Property) (Attachment 1). The Property is owned by the Bob and Sue Creamer Living Trust, Robert J. and Suzan Creamer, Trustees (Seller), lies adjacent to, but outside of, the City of Salem, and is bifurcated by the Urban Growth Boundary. Acquisition of the Property includes a full fee acquisition of land and the Seller’s personal residence.    

end

 

ISSUE:

 

Shall City Council authorize the City Manager to execute the attached Purchase and Sale Agreement for the acquisition of real property located at 1440 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 1440 Wallace Road NW.   

 

body

 

FACTS AND FINDINGS:

 

Staff and Seller have come to terms on a Purchase and Sale Agreement (Agreement) (Attachment 2) for acquisition of the Property. Key terms of the Agreement are below.

 

Price:                                                                                    $1,418,000

Site Size:                                                               7.24 acres

Earnest Money:                                          $15,000

Closing:                                                               no later than November 19, 2021

 

 

BACKGROUND:

 

On July 26, 2020, Council authorized City Manager to execute a Purchase and Sale Agreement with the Seller for fee acquisition of a portion of the property in addition to an easement for Marine Drive NW right-of-way (Attachment 3). Upon completion of survey work and submittal of partition documents, unforeseen land use issues arose requiring actions which Seller was unwilling to undertake. In order to acquire the necessary right-of-way for Marine Drive NW, it is necessary to acquire the entire parcel of land and complete the required land use actions at a later date when the City is in full control of the Property.

 

Funding for this acquisition will come from a combination of funding sources including: 2008 Streets and Bridges Bond/Marine Drive NW funds, Stormwater Utility Rate funds, and American Rescue Plan Act (ARPA) funds.

 

                     Clint Dameron     

                     Real Property Services Manager    

 

Attachments:

1. Property Map

2. Agreement

3. Previous Agreement