Title
Authorization to Sell City-Owned Property Located at 5216 N. Ball Park Blvd. for the Parks and Recreation Department (Ordinance S-44799)
Description
Request to authorize the City Manager, or his designee, to sell City-owned property located at 5216 N. Ball Park Blvd. 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 636,299 square feet of undeveloped land, zoned S-1, near the Camelback Ranch spring training facility. The parcel is approximately one mile from Dust Devil Park. Dust Devil Park served as the replacement land for the parcel noted in this request. Therefore the Parks and Recreation Department has no need to retain this parcel for future possible use as the park for the area has already been built.
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.
Financial Impact
Revenue will be reflective of the market value of the property. Proceeds from the sale are unencumbered and will be placed in the Phoenix Parks and Preserve Initiative fund for the Parks and Recreation Department.
Concurrence/Previous Council Action
The Sustainability, Housing, Efficiency and Neighborhoods Subcommittee recommended City Council approval of this item on March 21, 2018, by a vote of 3-0. Additionally, staff provided an update on April 25, 2018, to the Parks, Arts, Education and Equality Subcommittee regarding plans to dispose of this parcel via broker sale.
Location
5216 N. Ball Park Blvd. and is identified by assessor parcel number 102-59-019.
Council District: 5
Department
Responsible Department
This item is submitted by Deputy City Manager Deanna Jonovich, and the Parks and Recreation and Finance departments.