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HomeMy WebLinkAbout03/02/2011 6C DATE SUBMITTED February 18, 2011 AGENDA BILL CITY OF BREMERTON CITY COUNCIL SUBJECT: Purchase and Sale Agreement Committee Meeting Date February 23, 2011 for Department of Emergency Management COUNCIL MEETING Date March 2, 2011 property Department Public Works & Utilities Presenter Gunnar Fndnksson Phone 473 -2354 SUMMARY: The City has received an offer to purchase the former Department of Emergency Management property located at the northeast corner of 17' Street and Warren Avenue from Krtsap County for $75,000 The former Department of Emergency Management property and the former Cencom property, because of the configuration of the properties, are more marketable and valuable if sold simultaneously to a third party ATTACHMENTS: Proposed Purchase and Sale Agreement FISCAL IMPACTS (Include Budgeted Amount) $40,000 will be paid from the general fund facilities at closing The remaining $35,000 will be paid at the time the City re -sells the Department of Emergency Management parcel in conjunction with the former Cencom parcel to a private purchaser or three years which ever is sooner Reimbursement of the $40,000, along with costs for the demolition and removal of the existing structure, to the general fund will be made upon sale of the properties, Jef Pro cat d4 4,4" eo w i // oe d4ovs kd -6 94 C c cc, ,Ze s.elv�e APPROVALS: DEPARTMENT DIRECTOR CITY ATTORNEY FINANCE DIRECTOR Of MAYOR �/ COMMITTEE CHAIR COUNCIL PRESIDENT CONSENT AGENDA ❑ GENERAL BUSINESS PUBLIC HEARING ❑ RECOMMENDED MOTION: Move to approve the Purchase and Sale Agreement with Kitsap County for the purchase of the former Department of Emergency Management property and authorize the Mayor finalize and execute this Agreement in substantially the same terms and conditions as presented as well as any other documents necessary to complete the transaction and further authorize the demolition and removal of the existing structure on the property COUNCIL ACTION: / Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action