Title
Acquisition of Vacant Land in Spark Area 2 Located at 702, 704, 706 S. 11th Street
Description
Request the Economic Development and Housing Subcommittee recommend City Council approval to acquire all rights, title, and interest to vacant real property located at 702, 704, and 706 S. 11th Street within the City's appraised value plus usual and customary closing costs. Acquisition is to be by voluntary purchase from Bagpiper Investments, LLC. Funding is available through the City's 2023 General Obligation Bond.
Report
Summary
Phoenix Sky Harbor International Airport’s Land Reuse Strategy (LRS) was developed in 2017 to address the reuse and redevelopment of fragmented City-owned parcels acquired through the Community Noise Reduction Program, located roughly between 7th and 16th Streets, Washington Street and University Drive. LRS identified three Spark Areas with Spark Area 2 and its City-owned parcels generally located northeast of the corner of 7th Street and Buckeye Road. In 2023, the City sought General Obligation Bond funds for LRS Spark Area 2 Land Acquisitions project. This project will fund the acquisition of private parcels, as they become available, to fill in ownership gaps and facilitate redevelopment in this area.
A number of City departments, lead by the City's Aviation Department, conducted community participation sessions over a two-year period. The Aviation LRS plan was the outcome of this community collaboration. In order to execute on the LRS, additional sites will need to be acquired in order to ensure the contiguous properties needed to develop the plan. The contiguous properties would then move forward through the Request for Proposal process at the City Council's approval.
The property to be acquired is strategically located within the LRS’s Spark Area 2. The property consists of three vacant parcels, and is approximately 19,800 square feet owned by Bagpiper Investments, LLC (Owner). The Owner agreed to voluntarily sell the real property to the City for appraised value. The purchase agreement will contain terms and conditions deemed necessary or appropriate.
The parcels to be acquired are located at 702, 704, and 706 S. 11th Street, identified by Maricopa County Assessor's parcel numbers 116-39-086; 116-39-084; 116-39-083.
Financial Impact
Funding is available through the City's 2023 General Obligation Bond Program’s Spark Area Land Acquisition project.
Location
702, 704, 706 S. 11th Street
Council District: 8
Department
Responsible Department
This item is submitted by Deputy City Manager John Chan and the Community and Economic Development Department.