Title
Authorization to Sell City-Owned Property Located Along East Side of North Valley Parkway, South of West Sonoran Drive (Ordinance S-43742)
Description
Request to authorize the City Manager, or his designee, to sell City-owned property located along the east side of North Valley Parkway, south of West Sonoran Drive identified as excess real property inventory. Further request authorization for the City Treasurer to accept all funds related to this item.
Report
Summary
The excess property to be sold is approximately 81,736 square feet of vacant land, triangular in shape and zoned S-1. The property will be advertised on the open market by a City-contracted broker at market value to be determined by an appraisal, broker's opinion of value, or other valuation method accepted by the City. Further requesting authorization to negotiate with the offerer[s] in order to yield the highest dollar return to the City, as deemed acceptable by the City Manager or his designee. The City Manager, or his designee, will select the highest responsive and responsible offer for the property based upon market value, and enter into an Agreement for the Purchase and Sale of City-owned property, containing terms and conditions deemed necessary and appropriate by the City. The subsequent fee simple conveyance will be by Special Warranty Deed.
The parcel was originally acquired with multiple parcels for the Public Works Department's North Transfer Station. The parcel is deemed excess because it is not contiguous with the larger site to be developed, which is located on the west side of North Valley Parkway.
Concurrence/Previous Council Action
The Sustainability, Housing, Efficiency and Neighborhoods Subcommittee recommended City Council approval of this item on May 16, 2017, by a vote of 4-0.
Location
Located along the east side of North Valley Parkway, south of West Sonoran Drive, identified by assessor parcel number 204-13-002D.
Department
Responsible Department
This item is submitted by Deputy City Manager Karen Peters and the Public Works and Finance departments.