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File #: 2016-0045    Version: 1
Type: Ordinance Status: Passed
File created: 1/19/2016 In control: Budget and Fiscal Management Committee
On agenda: Final action: 2/29/2016
Enactment date: 3/1/2016 Enactment #: 18242
Title: AN ORDINANCE authorizing the conveyance of the surplus properties located at 9413 and 9425 195th Avenue NE, Redmond, within council district three.
Sponsors: Joe McDermott
Indexes: Property
Attachments: 1. Ordinance 18242.pdf, 2. A. Purchase and Sale Agreement, 3. 2016-0045 legislative review form.pdf, 4. A. Purchase and Sale Agreement, 5. 2016-0045 transmittal letter.docx, 6. 206-0045 property summary.docx, 7. 2016-0045 fiscal note.xlsx, 8. 2016-00045_SR_Novelty Hill.docx

Title

AN ORDINANCE authorizing the conveyance of the surplus properties located at 9413 and 9425 195th Avenue NE, Redmond, within council district three.

Body

STATEMENT OF FACTS:

1.  The department of transportation, roads services division declared the properties located at 9413 and 9425 195th Avenue NE, located within council district three, surplus to its needs on August 10, 2012.

2.  The facilities management division offered the properties to other county agencies on April 17, 2015, and received no interest.

3.  The facilities management division declared the property surplus to the current and future foreseeable needs of the county on August 20, 2015.

4.  The facilities management division found the property unsuitable for affordable housing development on July 14, 2015.

5.  The property was marketed in the following manner: exposure on the Northwest Multiple Listing Service and the Commercial Brokers Association, site signage and advertisement on the King County real estate services website.

6.  The county received three letters of intent and accepted a purchase price of $430,000 on November 13, 2015.

                     BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:

                     SECTION 1.  The executive is authorized to convey the properties located at 9413 and 9425 195th Avenue NE to 195th Ave NE, LLC, consistent with a purchase and sale agreement substantially in the form of Attachment A to this ordinance and to take all actions necessary to implement the terms of the purchase and sale agreement.