HomeMy WebLinkAbout2530RESOLUTION NO. 2530
A RESOLUTION declaring property at 245 4th Street
surplus to the City's needs and authorizing sale.
WHEREAS, the City of Bremerton owns an office building and
adjoining parking lot at 245 4th Street which is not currently used
for municipal purposes nor needed for municipal use in the future,
and
WHEREAS, this property is likely to remain a continuing expense to
the City's general fund as a result of the debt structure for the
property and based on the history of rental income, and
WHEREAS, Michael Laine, owner of Renaissance Laine,Inc., has
offered to purchase the property as the principal operating center
for this business, and
WHEREAS, entering into the proposed sale will bring an owner
occupant to the building, a new business and approximately 60
highly skilled employees to the central business district, which
will not be realized through sale to a passive investor in the
building, now therefore
BE IT RESOLVED BY THE BREMERTON CITY COUNCIL THAT
1. The property known as the 4th Street Building located at 245
4th St, Bremerton, WA and more fully described as:
Lots 28 and 29, Block 7, Town of Bremerton, according to
plat records Volume 2, of Plats, page 30, records of
Kitsap County, Washington, and
Lots 12 and 13, Block 7, Town of Bremerton, according to
plat records, Volume 2, of Plats, page 30, records of
Kitsap County, Washington.
is declared surplus to the City's needs.
2. The City Council finds that the City is in unique position, as
owner of this commercial property, to advance the revitalization of
the downtown business district by selecting a purchased who can
utilize surplus office space and bring a new business and employees
to this area.
3. The sale of the above property to Michael Laine is approved
according to the terms and conditions of the Purchase Agreement
attached hereto as Exhibit "A" and the Mayor is authorized to
execute the same.
Passed by the City Council of the City of Bremerton this 4th day of October, 1995.
Sherril Huff-Menees
Council President