Drafter
Clerk 06/17/2008
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AN ORDINANCE authorizing King County's sale of a portion of the Renton Consolidated Office and Repair Facility, located within council district 9.
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BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Findings:
A. King County's department of transportation, road services division ("RSD") is custodian of a parcel known as the Renton Consolidated Office and Repair Facility ("CORF"), at 155 Monroe Avenue NE, in the city of Renton. CORF's Assessor Parcel Number is 162305-9003 and is legally described in Attachment A to this ordinance. It is currently comprised of 68.04 acres, which include the RSD's Renton maintenance buildings and storage yards. It lies adjacent to the King County Renton transfer station. The city of Renton ("Renton") has requested purchase of the 8.0162 acres within CORF which lie immediately northwest of the transfer station for use as a city parks maintenance facility ("Renton's Lot B"), and King County has agreed to sell this portion of CORF to Renton.
B. To enable Renton's purchase of the desired 8.0162 acres, a plat known as Cassidy Cove was recorded in February 2008, from which Renton's Lot B was created, with the remainder of CORF referenced as Lot A.
C. The Purchase and Sale Agreement addresses three salient issues regarding co-existence of Renton's park maintenance facility with current county operations at CORF: purchase price as related to sewer hookup fees; accommodation for additional traffic; and drainage.
D. The purchase price for Renton's Lot B is $2,255,646.77. The appraised estimate of value is $2,570,000. However, from the proceeds of the Lot B sale, the RSD decided to address future sewer connection charges in the event it should wish to further develop Lot A. The current fee is $314,353.23 for the RSD's remaining portion of its sewer connection charges on Lot A. It is agreed within the purchase and sale document that this fee will be deducted from the appr...
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