HomeMy WebLinkAbout3593 ResolutionRESOLUTION NO. J- /J
A RESOLUTION approving the sale of certain real property on Sandifur Blvd.
WHEREAS, the City owns a 14 -acre parcel on the south side of Sandifur Blvd, adjacent to
Bedford Street and said parcel is surplus to the present and future needs of the City; and
WHEREAS, the owner of the Subaru automotive dealership in the Pasco Autoplex desires to
expand and relocate said dealership and City's surplus real property is ideally located for such purpose
and such use is consistent with the City's master plan; and
WHEREAS, sale of the parcel can be best fulfilled if accomplished through a negotiated sale to
include appropriate terms and conditions regarding the nature, scale and timing of development; and
WHEREAS, the property was acquired by the City in January 2014 and the proposed sale price
of the property, at more than the City's cost of acquisition, renders it unnecessary for the City to obtain an
appraisal of the property within six months of the sale date to determine reasonable value; and
WHEREAS, the City is in possession of an appraisal, completed by an MAI Appraiser, on
January 24, 2014, for the immediately adjacent property, indicating a value for such property of
$2.50 /sgft; and the Council has considered the same and finds that it is an unnecessary expense to conduct
an additional appraisal and further finds that the sale price of $2.30 /sgft is reasonable under the conditions
of the proposed sale; and
WHEREAS, the proposed use of the property advances the economic development goals of the
City to attract and retain retail businesses within the community; and
WHEREAS, the owner of the Subaru dealership has agreed to terms and conditions for purchase
of approximately seven acres of such property, such terms and conditions being appropriate to fulfill the
City's objectives;
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON
DOES RESOLVE AS FOLLOWS:
Section 1. That the sale of certain real property located on the south side of Sandifur Blvd
and east of Bedford Street, as described in the Purchase and Sale Agreement attached hereto, be approved
subject to all terms and conditions in the attached Purchase and Sale Agreement.
Section 2. The City Manager is hereby authorized to execute all documents necessary to
effect the sale of the property in accordance with the Purchase and Sale Agreement.
PASSED by the City Council of the City of Pasco, this 6th day of October, 2014.
CITY OF PASCO:,�j�
Matt Watkins, Mayor
A TES
e i lark, City Clerk
APPROVED AS TO FORM:
L TB. rr, City Attorney