Title
Approval of Resolution Authorizing the Use of General Funds Towards the Acquisition of Real Property from the Dawley Trusts for Use for Future Multi-Residential/Commercial Use
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve a Resolution authorizing the use of General Funds towards the acquisition of real property from the Dawley Trusts for ten (10) acres to be set aside for future development of a multi-residential/commercial area in conjunction with the City's purchase of the property commonly known as "Bentridge" from Gregg O. Dawley and Kristi A. Dawley, as trustees of the Dawley Family Trust dated October 16, 2008, Douglas L. Dawley and Paula P. Dawley, as trustees of the Revocable Trust of Douglas L. Dawley dated April 2, 2004, and Shirley G. Dawley, as trustee of the Robert E. Dawley Trust, dated November 8, 1983.
Report
Issue:
Whether to approve a Resolution authorizing the use of General Funds towards the purchase and use of 10 acres in the southwest quadrant of the real property commonly known as the "Bentridge" property for future use as a multi-residential/commercial area?
Staff Contact:
Mark Barber, City Attorney, 360.753.8223
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
The City of Olympia has entered into a Real Estate Purchase and Sale Agreement to acquire the property commonly known as "Bentridge" from Gregg O. Dawley and Kristi A. Dawley, as trustees of the Dawley Family Trust, dated October 16, 2008, Douglas L. Dawley and Paula P. Dawley, as trustees of the Revocable Trust of Douglas L. Dawley dated April 2, 2004, and Shirley G. Dawley, as trustee of the Robert E. Dawley Trust, dated November 8, 1983, for public open space. The "Bentridge" property consists of about 72 acres, more or less.
Multi-residential housing and a commercial area would require about 10 acres, more or less, of the property being acquired by the City ...
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