TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
|
Finance |
Kelley Cochran |
425-556-2748 |
DEPARTMENT STAFF:
|
Finance |
David Amble |
Real Property Specialist |
|
Public Works |
Emily Flanagan |
Senior Engineer |
TITLE:
title
Acquisition of King County Parcel 252605-9203 from King County Property Services
OVERVIEW STATEMENT:
recommendation
Parcel 252605-9203, owned by King County due to foreclosure, is categorized as surplus land by the County. The parcel is located on the northeastern edge of the boundary between Redmond and King County. The parcel is listed at 0.28 acres and has a city-owned stormwater utility line running through the property from the City-owned/managed stormwater pond on the adjacent property (Parcel 252605-9202).
The parcel is zoned R4, with a “highest and best use as if Vacant” as SINGLE FAMILY, and therefore may be a desirable property for speculative acquisition by private parties as happened in the past. The City is interested in removing the risk of the property being developed or having a potential private owner compromising the functionality of the city’s stormwater assets both on Parcel 252605-9203 and on the adjacent City-owned parcel.
The County is offering to sell the parcel to the City for $3500.00.
body
☒ Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
☐ Receive Information ☐ Provide Direction ☒ Approve
REQUEST RATIONALE:
• Relevant Plans/Policies:
N/A
• Required:
N/A
• Council Request:
N/A
• Other Key Facts:
N/A
OUTCOMES:
Approval of this purchase protects City’s local stormwater assets on the parcel along with those assets on Parcel 252605-9202 and provides additional real property space to expand the capability of those assets in the future if necessary.
COMMUNITY/STAKEHOLDER OUTREACH AND INVOLVEMENT:
• Timeline (previous or planned):
N/A
• Outreach Methods and Results:
N/A
• Feedback Summary:
N/A
BUDGET IMPACT:
Total Cost:
$3500.00
Approved in current biennial budget: ☒ Yes ☐ No ☐ N/A
Budget Offer Number:
N/A
Budget Priority:
N/A
Other budget impacts or additional costs: ☐ Yes ☒ No ☐ N/A
If yes, explain:
N/A
Funding source(s):
Stormwater management fund
Budget/Funding Constraints:
N/A
☐ Additional budget details attached.
COUNCIL REVIEW:
Previous Contact(s)
|
Date |
Meeting |
Requested Action |
|
2/13/2024 |
Committee of the Whole - Finance, Administration, and Communications |
Approve |
Proposed Upcoming Contact(s)
|
Date |
Meeting |
Requested Action |
|
N/A |
None proposed at this time |
N/A |
Time Constraints:
None at this time.
ANTICIPATED RESULT IF NOT APPROVED:
Property will remain on King County asset sheet and may be returned to auction.
ATTACHMENTS:
Attachment A - King County maps showing location of Parcel 252605-9203.
Attachment B - Legal Description of Parcel
Attachment C - KC Purchase and Sales Terms Document