Title
Authorization to Sell City-Owned Property for the Water Services Department (Ordinance S-44800)
Description
Request to authorize the City Manager, or designee, to sell five City-owned properties identified by the Water Services Department (WSD) as excess real property inventory. Further request authorization for the City Treasurer to accept all funds related to this item.
Report
Summary
WSD has identified five undeveloped parcels that are no longer needed and are appropriate for sale via City-contracted broker or sealed bid. WSD is 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 designee. The City Manager, or designee, will select the highest responsive and responsible offer for each property based upon market value -- as determined by an appraisal, broker's opinion of value, or other valuation method accepted by the City -- 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 or by quit claim deed.
Sale via Broker
The three excess parcels to be sold via broker are identified by assessor parcel number (APN), location, approximate square feet (sf), zoning and Council District:
1. 204-24-003U, Jomax Road and North Valley Parkway, 3,358 sf, PCD, District 2
2. 210-12-016A, Quartz Rock Road and 7th Avenue, 112,854 sf, RU-43, Out of City
3. 210-16-001U, Happy Valley Road and 7th Avenue, 1,133,787 sf, A-1, District 1
Sale via Sealed Bid
Due to lack of access via public right of way, two of the excess parcels are appropriate for sale via sealed bid; if no bids are received by the end of advertised period, a broker sale may be used. These parcels are identified by APN, location, approximate square feet, zoning and Council District:
1. 104-85-141B, 64th Avenue and Carson Road, 43,468 sf, RU-43, Out of City
2. 210-13-046, Jomax Road and 7th Avenue, 107,239 sf, RU-43, Out of City
Financial Impact
Revenue will be reflective of the market value of the property. The parcels were purchased by the City using Water Bonds.
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.
Location
Various locations.
Council Districts: 1, 2, and Out of City
Department
Responsible Department
This item is submitted by City Manager Ed Zuercher, Deputy City Manager Karen Peters, and the Water Services and Finance departments.