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:
$...
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