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DATE SUBMITTED: 2-16-05 BILL # 05-orcO
AGENDA BILL
CITY OF BREMERTON
CITY COUNCIL
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SUBJECT: PUBLIC HEARING AND Committee Meeting Date: February 23rd, 2005
RESOLUTION ON SURPLUS AND SALE COUNCIL MEETING Date: -Mareh 2nd, 2005- '/-- {o-05
OF PUBLIC UTILITY PROPERTY Department: Public Works & Utilities
Presenter: Phil Williams
Phone: 473-5315
SUMMARY: The City received an offer from Bealko, Inc. to purchase the Tracyton Watershed in
late November, 2004. The unsolicited offer was taken to the City Council for consideration on
December 22, 2004. Staff recommendation at that time was to declare the property surplus and
authorize the Mayor to sign a purchase and sale agreement. The Council directed staff to work with
the neighbors who had expressed concerns over the sale to conduct a public informational meeting
near the site and then place the item back on the council agenda for re-consideration. That meeting
was held on January 27th and attended by approx. 40 people. The property is not currently used for
public utility service nor will it be required for providing public utility service in the future. In the
opinion of staff the offer to purchase the property is reflective of its fair market value. Staff
recommends the purchase and sale agreement be signed and if the sale is closed that any remaining
concerns be addressed during the required environmental reviews that will be conducted during the
development process itself.
ATTACHMENTS: Summary of 1127/05 Meeting, Resolution and Memo from City Attorney
FISCAL IMP ACTS (Include Budgeted Amount): The public utility would receive the sum of
$2,900,000 (less fees and costs) from the sale of the property and the property would be returned to
the tax rolls. The potential purchasers have indicated a desire to annex the property into the City.
APPROVALS:
DEPARTMENT DIRECTOR -.:;;,
CITY ATTORNEY:
FINANCE DIRECTOR:
MAYOR:
FISCAL/BUDGET: ~ CONSENT AGENDA 0
OPERATIONS:
COUNCIL PRESIDENT: y~ ~~ -'
lV
RECOMMENDED MOTION~ Move to terminate the pendmg proceedings regarding the
surplusing and sale to Bealko, Inc. of the public utility
property commonly known as the Tracy ton property
consisting of approximately 38 acres for $2.9 million as set
forth in Resolution 2956, upon which no action will be
COUNCIL ACTION: r..i...pprove taken. ~ction
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