HomeMy WebLinkAbout03/16/2011 5I DATE SUBMITTED February 4, 2011
AGENDA BILL
CITY OF BREMERTON
CITY COUNCIL 510mm
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SUBJECT: Purchase and Sale Agreement Committee Meeting Date March 9, 2011
for the sale of property at 1116 Charleston COUNCIL MEETING Date March 16, 2011
Beach Road Department PW &U
Presenter Gunnar Fndnksson
Phone 473 -2354
SUMMARY: Staff is recommending that the City sell the property at 1116 Charleston Beach Road
to Crab Shack Investments, LLC for the purchase price of One Hundred and Ninety -Five Thousand
and No/ 100 Dollars ($195,000)
ATTACHMENTS: Purchase and Sale Agreement
FISCAL IMPACTS (Include Budgeted Amount) Receipt of sale proceeds upon closing of
$195,000 to the Arterial Street Fund
APPROVALS:
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DEPARTMENT DIRECTOR
CITY ATTORNEY
FINANCE DIRECTOR
MAYOR
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COMMITTEE CHAIR oe�
COUNCIL PRESIDENT CONSENT AGENDA
GENERAL BUSINESS ❑
PUBLIC HEARING ❑
RECOMMENDED MOTION: Move to approve the Real Estate Purchase and Sale Agreement
between the City of Bremerton and Crab Shack Investments, LLC For the sale of the property at 1116
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Charleston Beach Road for the purchase price of $195,000 and authorize the proceeds to go to the
Arterial Streets Fund, and authorize the Mayor to finalize and execute the agreement with
j substantially the same terns and conditions as presented
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COUNCIL ACTION: Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action
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