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