Drafter
Clerk 6/26/2007
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AN ORDINANCE authorizing the executive, due to unique circumstances, to enter into negotiations with Yarrow Bay, Inc., for the direct sale of county-owned property known as Summit Pit, located in council district 9.
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BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Findings of fact.
A. King County owns a 156.5 acre parcel of land in an unincorporated area adjacent to the city of Maple Valley known as Summit Pit. Summit Pit is located in council district 9. The department of transportation, road services division is the custodial agency for Summit Pit.
B. Summit Pit is currently being used as a regional roads maintenance facility, including an office, a shop and a yard, as well as for waste separation, street waste treatment and disposal, refuse processing, and as a source of timber, sand and gravel. A portion of Elk Run golf course rings the outside of the property in an area designated as a buffer to the mining operation on the site.
C. The executive branch proposes to enter into negotiation to sell Summit Pit, by direct sale, to Yarrow Bay Development LLC (Yarrow Bay) in exchange for certain resource property and cash.
D. Yarrow Bay holds the exclusive right to purchase seventeen parcels near the Green River, known as the Icy Creek Property. Yarrow Bay must exercise its right to purchase the Icy Creek Property on or before July 25, 2007.
E. The Icy Creek Property consists of 276 acres and is the only privately-held land for approximately 2.5 contiguous miles along both sides of the Green River. It is surrounded by other resource land held by the state. Icy Creek Property is undeveloped, but several preliminary plats and short plats (for a total of 21 lots) totally approximately 147 acres have been approved for the Icy Creek Property.
F. In September 2004, the county attempted to purchase five of the parcels that comprise the Icy Creek Property, but was unsuccessful. It remains a prio...
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