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HomeMy WebLinkAbout04-266DATE SUBMITTED: December 16, 2004 BILL AGENDA BILL CITY OF BREMERTON CITY COUNCIL RESOLUTION ON SURPLUS AND SALE COUNCIL MEET1NG Date: December 22, 2004 OF PUBLIC UTILITY PROPERTY Department: Public Works & Utilities Presenter: Phil Williams Phone: 473-5315 SUMMARY: The City has received an offer from Bealko, Inc. to purchase certain public utility property. The property is not currently used for public utility service nor will it be required for providing public utility service in the future. The offer to purchase the property is fair market value and the City and greater community would be better served by the surplus and sale of the property. ATTACHMENTS: 1. Memorandum from Roger A. Lubovich 2. Proposed Resolution with exhibits ~0, a~q ~t FISCAL IMPACTS (Include Budgeted Amount): The public utility would receive the sum of $2,900,000 (less fees and costs) from the sale of the property and the property would be returned to the tax rolls. APPROVALS: DEPARTMENT DIRECTOR: CITY ATTORNEY: FiNANCE DIRECTOR: MAYOR: FISCAL/BUDGET: CONSENT AGENDA [] OPERATIONS: COUNCIL PRESIDENT: -_[~ ~ ~q,4,q/'m ~ Ir RECOMMENDED MOTION: I move to pass Resolution No. &~ 1~ q declaring the public utility property surplus, approving a sale of the property pursuant to BMC 2.78.040 to Bealko, Inc., approving the purchase and sale agreement and authorizing the Director of Public Works and Utilities and the City Attorney to finalize any and all documents necessary to close the transaction and authorize the Mayor to execute the same. COUNCIL ACTION: [] Approve [] Deny [] Table [] Conti~'- --~'ue~NoA~