Title
Voluntary Acquisition of Three Parcels Near E. Sherman Street and S. 9th Place and Disposal of Three City-owned Parcels Near E. Watkins and S. 18th Streets (Ordinance S-46128)
Description
Request to authorize the City Manager, or his designee, to voluntarily acquire three parcels located at 712 S. 9th Place, 801 S. 9th Way and 803 S. 9th Way, and sell three City-owned parcels located at 2406, 2410 and 2424 S. 18th St. within the City's appraised value. Further request authorization for the City Controller to disburse, and for the City Treasurer to accept all funds related to this item.
Report
Summary
The properties to be acquired are located within Aviation's Land Reuse Strategy Area under the Airport Land Use Plan. This area consists of 166 acres of Aviation-controlled land, ready for redevelopment pursuant to feedback from the Federal Aviation Administration and the City-adopted implementation plan. Aviation, in partnership with the Community and Economic Development Department, desires to voluntarily acquire remaining privately-owned parcels as they become available, to create economically viable and marketable sites.
Rossco Electric LLC has agreed to voluntarily sell three lots to the City in a desired location within Aviation's Land Reuse Strategy Area on the condition that three City-owned sites are available to purchase as replacement lots. Aviation identified three parcels previously acquired for noise compatibility to be suitable. Due to the parcel locations, zoning, intended use of the buyer, and other long-term compatibility factors, the Federal Aviation Administration supports disposal of the three parcels. The disposal of the three City-owned parcels will occur in conjunction with the acquisition. The properties will be acquired and sold based on appraised value.
The properties impacted by this project are identified in Attachment A.
Financial Impact
Funding is available in the Aviation Department's Capital Improvement Program.
Concurrence/Previous Council Action
The Land Reuse Strategy and Airport Land Use Plan were approved at the City Council Policy Session on Oct. 23, 2018 by a vote of 8-0.
Location
717 S. 9th Place, 801 S. 9th Way and 803 S. 9th Way, 2406, 2410 and 2424 S. 18th St.
Council District: 8
Department
Responsible Department
This item is submitted by Assistant City Manager Deanna Jonovich and the Aviation and Finance departments.