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HomeMy WebLinkAbout2695 Resolution RESOLUTION NO. 2695 A RESOLUTION REGARDING THE SALE OF SURPLUS PROPERTY IN THE VICINITY OF TRAC FOR THE DEVELOPMENT OF A HOTEL. WHEREAS, the City has entered into an Interlocal Agreement with Franklin County for the disposition of Lot #6 Binding Site Plan 2001-6 (Hotel property near TRAC); and WHEREAS, the City Council passed Resolution No. 2650 on March 4, 2002, declaring that said real property is surplus to the needs of the City; and WHEREAS, the City Council passed Resolution No. 2653 authorizing the sale of the property to A-1 Hospitality; and WHEREAS, parties to the sale mutually agree that additional time is needed to satisfy contingencies prior to the sale of the property; NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON DOES RESOLVE AS FOLLOWS: (1) The City Council hereby accepts and approves the Addendum to the Purchase and Sale Agreement attached hereto as Exhibit A regarding the City-owned real property adjacent the TRAC facility in Pasco. (2) That the City Council hereby authorizes the City Manager to execute the Addendum to the Purchase and Sale Agreement and further authorizes the City Manager to do all other things necessary to conclude the sale of such real property in accord with the amended Agreement. PASSED by the City Council of the City of Pasco, at a regular meeting this 16`" day of September, 2002. Michael L. son, Mayor ATTEST: APPR D A TO FORM: Webster U. Jackson, City Clerk Leland B. Kerr, City Attorney i REAL ESTATE PURCHASE AND SALE AGREEMENT ADDENDUM #2 The following terms and conditions are part of the Purchase and Sale Agreement between A-1 Hospitality and the City of Pasco as approved April 1, 2002. Property Description: Lot 6, Binding Site Plan 2001-6 as revised (TRAC Hotel Site). The Parties Further Agree as Follows: The dates for the satisfaction of contingencies identified in para. 2 of the above referenced agreement shall be modified as follows: 1) On or before Oct. 1, 2002, the Buyer shall provide evidence, satisfactory to the City Attorney, that a sufficient financing commitment is in place to construct a hotel of at least 80 rooms and with breakout meeting space for not less than 300 people; and 2) On or before Oct. 1, 2002, Franklin County shall provide a document establishing a deed restriction, satisfactory to the Buyer, that restricts the operation of another hotel on the County owned land (lots within the Binding Site Plan 2001-6) effective upon transfer of the land to the buyer. 3) On or before Nov. 1, 2002, the Buyer shall submit a design plan (number of rooms, breakout space, etc.) acceptable to the City (plans to include elevations,floor plans, typical room plan and site plan); and 4) On or before Nov. 1, 2002, the Buyer shall submit evidence of affiliation, satisfactory to the City Attorney, with Best Western, Comfort Suites, Holiday Inn Express, Ameri Suites or another national lodging chain of similar quality and acceptable to the City; and 5) On or before Jan. 1, 2003, the Buyer shall obtain a building permit for the construction of a hotel of at least 80 rooms and with breakout space for not less than 300 people. PURCHASER: A-1 Hospitality, LLC Seller: City of Pasco By: BY: Vijay Patel Gary Crutchfield, City Manager Date Date