TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Public Works
Aaron Bert
425-556-2786
Finance
Kelley Cochran
425-556-2748
DEPARTMENT STAFF:
Finance
David Amble
Real Property Manager
TITLE:
title
Approval of Authorization for Acquisition of the Property Located at 18459 NE 76th St, Redmond, WA, from DCC Propane
OVERVIEW STATEMENT:
recommendation
As part of the City's project to redesign and construct the Maintenance and Operations Center (MOC), the City is pursuing acquisition of Pacer Propane's facility at 18459 NE 76th Street. This property is in close proximity to the current MOC facility and can be used for a variety of functions in support of MOC operations including construction staging, fleet maintenance, and supplemental off-site vehicle parking/storage. The City has been in negotiations with the property owner and has arrived at terms to move forward with the acquisition.
body
? Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
? Receive Information ? Provide Direction ? Approve
REQUEST RATIONALE:
* Relevant Plans/Policies:
MOC Master Plan
* Required:
N/A
* Council Request:
N/A
* Other Key Facts:
Council's approval meets the terms of the negotiated Purchase and Sale Agreement (PSA).
OUTCOMES:
With Council's approval, the City will proceed with the following for property acquisition:
* The City will execute a Purchase and Sale Agreement (PSA)
* Deposit of earnest money
* Completion of environmental assessment due diligence
* Closing process
The PSA includes a cancelation clause to terminate the agreement, if needed, based on the findings of the due diligence. Earnest money would also be refunded.
This property acquisition provides the Public Works Department flexibility for meeting the goals and objectives of the MOC reconstruction and offers the City additional real estate capacity for other property needs on a temporary or long-term basis. If this prope...
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