Title
Approval of a Resolution Authorizing the Purchase of Real Estate Owned by Barbara J. Pettus
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve the resolution authorizing the purchase of real estate owned by Barbara J. Pettus and authorizing the Interim City Manager to execute all documents necessary to acquire 5.08 acres of real estate from Barbara J. Pettus as Trustee of the Terry M. Sunberg Testamentary Trust.
Report
Issue:
Whether to approve the purchase of real estate from Barbara J. Pettus for a future park site.
Staff Contact:
Laura Keehan, Planning & Design Manager, Parks, Arts & Recreation, 360.570.5855
Mark Barber, City Attorney, 360.753.8338
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
Barbara J. Pettus, as Trustee of the Terry M. Sunberg Testamentary Trust (Seller) owns a 5.08-acre property located at 2535 28th Avenue NW, Assessor Parcel No. 66000001500 (see attached Property Location Map).
The City would like to purchase this property to expand its inventory of park sites. A neighborhood park has been an acquisition need in this area for some time and this location was identified for a future neighborhood park in the 2016 Parks Plan.
Staff has concluded negotiations with the Seller, and has prepared the Real Estate Purchase and Sale Agreement attached to this staff report. The purchase price is $139,900.
Neighborhood/Community Interests (if known):
Park land acquisition has been a high priority in Olympia for many years as demonstrated by voter support of tax measures for park land acquisition.
Options:
1. Approve the resolution authorizing the Interim City Manager to execute all documents necessary to acquire 5.08 acres of real estate from Barbara J. Pettus.
2. Do not authorize the purchase of real estate from Barbara J. Pettus.
3. Direct staff to seek other options to satisfy the City’s need for neighborhood park acreage.
Financial Impact:
Land Acquisition funds allocated in the 2019 Capital Facilities Plan will be used for this acquisition.
Attachments:
Resolution
Purchase and Sale Agreement
Property Location Map