Title
Briefing on an Exclusive Negotiation Agreement with Island Enterprises Incorporated for the City owned property at 900 Plum St.
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Receive a briefing on an Exclusive Negotiation Agreement with Island Enterprises Incorporated for the City owned property at 900 Plum St.
Report
Issue:
Whether to receive a briefing on an Exclusive Negotiation Agreement with Island Enterprises Incorporated for the City owned property at 900 Plum St.
Staff Contact:
Mike Reid, Economic Development Director, Office of Community Vitality, 360.753.8591
Presenter(s):
Mike Reid, Economic Development Director, Office of Community Vitality
Background and Analysis:
The City and Island Enterprises have entered into a 180-day exclusive negotiation agreement (ENA) for the City owned property at 900 SE Plum St.
Island Enterprises is the Economic Development arm of the Squaxin Island Tribe. The mission of Island Enterprises Incorporated (IEI) is dedicated to the development, acquisition, and/or attraction of economic ventures that will enable the Squaxin Island Tribe to realize its dream of self-sufficiency and self-governance.
The ENA outlines commitments that both parties will make concerning this property most notably the intention that at the end of the agreement timeline both parties will present a mutually agreeable purchase and sale agreement to their respective decision-making bodies.
The ENA states that the City will not negotiate with any other parties for the sale or long-term use of the property for the duration of the agreement and that Island Enterprises commits to developing project concepts and draft visuals of project scenarios.
The property is most notably referred to as the Lee Creighton Justice Center housing the Olympia Municipal Court and was the former City Hall prior to its move to its new location in 2012.
The property also was home to the Olympia City ...
Click here for full text