Title
Approval of an Option to Purchase Real Estate Owned by Jill Floberg
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve the Option to Purchase Real Estate from Jill Floberg consisting of 1.61 acres
Issue:
Whether to approve an Option to Purchase Real Estate to secure an opportunity for the City to purchase the Jill Floberg property for a future park site.
Staff Contact:
Paul Simmons, Parks, Arts and Recreation Director, 360.753.8462
Mark Barber, City Attorney, 360.753.8223
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
Jill Floberg owns a 1.61-acre parcel located on west side of West Bay Dr. between the east terminus of Farwell Ave and West Bay Dr.; Assessor's Parcel No. 09510032000 (see attachment titled Property Location Map).
The City desires to purchase this parcel to expand its inventory of passive open space and wildlife habitat to protect the existing heron rookery. In addition to habitat preservation, acquisition of this parcel would provide good opportunities for people to experience nature in their neighborhood and important trail connections from the neighborhood down to West Bay Drive and West Bay Park.
Staff has concluded negotiations with the Seller, and has prepared the Option to Purchase Real Estate agreement that is attached to the Staff Report. A summary of the Option's terms are below:
Option Terms:
The total acquisition price is $210,000. A payment of $15,750 or 7.5% is needed to secure the Option. If the Option is exercised, the balance of the acquisition price will need to be paid in full prior to December 31, 2017.
Neighborhood/Community Interests (if known):
In 2015, a series of 8 neighborhood meetings with a total of 160 participants were conducted to provide input for the 2016 Parks, Arts and Recreation Plan. The most dominant themes of these meetings were:
*?Acquire land in general while it is available; and
*?Buy open space/n...
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