Title
Approval of the Purchase and Sale Agreement for the 815 SE 7th Avenue Property
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve a resolution authorizing the sale of City-owned property at 815 SE 7th Avenue and authorize the City Manager to sign the Purchase and Sale Agreement and any other necessary closing documents.
Report
Issue:
Whether to approve the sale of City-owned property located at 815 SE 7th Avenue.
Staff Contact:
Jay Burney, Assistant City Manager, Executive Department, 360.753.8740
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
The City currently owns a piece of property located at 815 SE 7th Avenue (see attached map). The property is vacant with no buildings or structures, and staff has no identified or intended uses for the property. At its December 6, 2016, meeting, the City Council supported the recommendation of the Finance Committee and declared this property surplus to the needs of the City and authorized staff to move forward with a sale of the property. In declaring the property surplus, City staff followed the process set forth in the Council-approved Procedures for the Evaluation of City Real Property for Reuse and Disposal.
Staff received two offers for the property and has reached agreement with Robert Knudson, owner of Casa Mia on Plum Street, to purchase the property for $150,000. Mr. Knudson plans to combine the property with his existing Casa Mia property and redevelop it as a mixed-use multi-story building with ground floor retail and parking, a new Casa Mia restaurant, and market rate apartments.
Staff recommends moving forward with the sale of the property to Mr. Knudson (Casa Mia Real Estate, LLC).
Neighborhood/Community Interests (if known):
N/A
Options:
1. Move to approve a resolution authorizing the sale of City-owned property at 815 SE 7th Avenue and authorize the City Manager to sign the Purchase and Sale Agr...
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