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DATE SUBMITTED: March 1,2007
BILL # bi- O~~
AGENDA BILL
CITY OF BREMERTON
CITY COUNCIL
.........D.................................................................................
SUBJECT: Real Estate Purchase and Sale
Agreement with McCormick Land Company
Committee Meeting Date:
COUNCIL MEETING Date:
Department:
Presenter:
Phone:
March ] 4, 2007
March 21, 2007
Public Works & Utilities
Bill "McKinney
473-5354
SUMMARY: McCormick Land Company owns approximately 30 acres of undeveloped property adjacent to Water
Utility forest land. This property had previously been identified in the 1996 Utility Land Management Plan and the
2000 Land Use Guidelines Addendum for potential acquisition. Because of its proximity to current Water Utility
land the property has the potential to be used as an expansion to the Site 2 biosolids application site. The property is
bounded by Bremerton Water Utility land to the north and west; State Highway 3 right-of-way to the southeast; and
a private residence to the south. The property is relatively flat and consists of well drained soils. The property is
stocked with third-growth conifer approximately 25 years old. Land value was determined by a local appraiser
agreed to by the City. The value of$]5,000 for existing tree cover was by mutual agreement. McCormick Land
Company has agreed to sell this property to the City for $] 65,000 total price (land and timber inventory).
ATTACHMENTS: ]. Proposed Real Estate Purchase and Sale Agreement 2. Aerial Photo Exhibit
3. Appraisal Summary Report 4. Proposed Land Purchase Synopsis
FISCAL IMPACTS (Include Budgeted Amount): The total purchase price for the property is $] 65,000. The 2007
Water Utility budget includes $300,000 for land purchases.
APPROVALS: . '
CITY ATTORNEY: ~
FINANCE DIRECTOR: n __ : --
MAYOR:
COMMITTEE CHAIR:
COUNCIL PRESIDENT:
/fJ~~~
CONSENT AGENDA 0
GENERAL.BUSINESS ~
PUBLIC HEARING 0
RECOMMENDED MOTION: Move to approve the Real Estate Purchase and Sale Agreement with
McCormick Land Company and authorize the Mayor to finalize and execute the agreement with
substantially the same terms and conditions as presented and further authorize the Mayor to finalize and
execute any and all documents necessary to close transaction.
COUNCIL ACTION, Lve
o Deny
o Table
o Continue 0 No Action
ab, Agenda Bills 2007, REP&S McCormick