Title
Authorization to Sell City-Owned Property at 2250 N. 95th Ave. (Ordinance S-46038)
Description
Request to authorize the City Manager, or his designee, to sell City-owned property located at 2250 N. 95th Ave. identified as excess real property. Further request authorization for the City Treasurer to accept all funds related to this item.
Report
Summary
The excess property to be sold is undeveloped park land located in the Sheely Farms Infrastructure subdivision near north 91st Avenue and west McDowell Road. The property is comprised of approximately 15.67 acres of land, identified by assessor parcel number 102-34-016 and zoned R-2. In 2002 this property was acquired by the Parks and Recreation Department using 2001 bond funds for the potential development of a neighborhood park. However, no funds are currently available for the development and maintenance of a park at this location.
In August 2018, the Parks and Recreation Department received a formal letter of interest from City to City Commercial, representing Hancock Communities, LLC to purchase the parcel to construct single-story rental homes. In accordance with City of Phoenix Parks and Recreation Board Policy 3.9, "Public Notification of Sale or Disposition of Park Land," staff responded to the letter of interest by seeking input from the Parks and Recreation Board and the public regarding the proposed sale.
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.
Staff is further requesting authorization to negotiate with the offeror(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. Pursuant to Ordinance S-43701, adopted by City Council on July 6, 2017, proceeds from the sale of City park land not otherwise encumbered are to be returned to the Phoenix Parks and Preserves Initiative Fund.
Concurrence/Previous Council Action
The process to notify the public for the sale or disposition of park land has been conducted in accordance with Parks and Recreation Board Policy 3.9, Public Notification of Sale or Disposal of Park Land.
Public Outreach
Public meetings regarding the proposed sale of this parcel were held at Sheely Farms Elementary School on Feb. 20 and March 12, 2019. After a public hearing was conducted at the April 25, 2019 Parks and Recreation Board meeting, the Parks and Recreation Board directed staff to pursue the land sale.
Location
Property is located at 2250 N. 95th Ave.
Council District: 5
Department
Responsible Department
This item is submitted by Acting Deputy City Manager Toni Maccarone and the Parks and Recreation and Finance departments.