Title
Approval of a Resolution Authorizing the Purchase of Real Estate Owned by the Port of Olympia for the Expansion of the Hands On Children's Museum
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve a resolution authorizing the City Manager or designee to execute all documents necessary to acquire two lots located in the East Bay Redevelopment Short Plat, City of Olympia Master File No. 07-0154, comprising Parcel 6 consisting of approximately 0.92 acres and Parcel 7 consisting of approximately 0.65 acres, for the expansion of the Hands On Children's Museum (HOCM).
Report
Issue:
Whether to approve a Resolution authorizing the City Manager or designee to execute all documents necessary to acquire two lots located in the East Bay Redevelopment Short Plat, City of Olympia Master File No. 07-0154, comprising Parcel 6 consisting of approximately 0.92 acres and Parcel 7 consisting of approximately 0.65 acres, for the expansion of the HOCM.
Staff Contact:
Debbie Sullivan, Assistant City Manager, 360.753.8499
Mark Barber, City Attorney, 360.753.8338
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
The Port of Olympia is the owner of two parcels adjacent to the Hands On Children's Museum in the East Bay Redevelopment Short Plat, City of Olympia Master File No. 07-0154, comprising Parcel 6 consisting of approximately 0.92 acres and Parcel 7, consisting of approximately 0.65 acres. The City of Olympia wishes to purchase Parcels 6 & 7 for the expansion of the HOCM. (See legal description and location diagrams attached to the proposed Purchase and Sale Agreement as EXHIBIT A, which document is attached hereto.)
Following appraisal, Staff negotiated a purchase price with the Port of Olympia for Parcels 6 & 7 for $2,100,000.00, and the parties, as Buyer and Seller, have prepared the Purchase and Sale Agreement attached to this staff report. Closing of the transaction, if ap...
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