HomeMy WebLinkAbout04-024DATE SUBMITTED: January 21, 2004 BILL#
AGENDA BILL
CITY OF BREMERTON
CITY COUNCIL
SUBJECT: RESOLUTION SURPLUSING Committee Meeting Date: January 27, 2004
AND APPROVING A NEGOTIATED COUNCIL MEETING Date: February 11, 2004
SALE OF PUBLIC UTILITY PROPERTY Department: City Attorney's Office
Presenter: Roger A. Lubovich
Phone: 2345
SUMMARY: The City has received an offer from Global Investments Ltd. to pumhase two City-
owned parcels on Oyster Bay Avenue (shown on the attached map). 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 sale of the property. Attached is a proposed resolution to surplus the property and
approve the sale of the property as a negotiated sale.
ATTACHMENTS:
1. Proposed ResolutionS0, o~{{q
2. Property Appraisals
FISCAL IMPACTS (Include Budgeted Amount): The public utility would receive the sum of
$41,000 (less closing costs) from the sale of the property and the property would be returned to the tax
rolls.
APPROVALS:
DEPARTMENT DIRECTOR:
FINANCE DIRECTOR:
MAYOR: ~
FISCAL/BUDGET:oPERATiONS: '~~l CONSENT AGENDA[-]
COUNCIL PRESIDENT:
RECOMMENDED MOTION:
I move to pass Resolution No. o~ 61 Iq declaring the public utility property surplus,
approving a negotiated sale of the property pursuant to BMC 2.78.030(e) to Global Investments Ltd,
approving the earnest money receipt and sale agreement, and authorizing the Mayor to execute any
and all documents necessary to close the transaction.
COUNCIL ACTION: [~pprove [] Deny [] Table [] Continue [] No Action