15.B.
City Council Meeting
- Meeting Date:
- 01/07/2014
- From:
- John Saltonstall, Business Retention & Expansion Manager
Information
TITLE:
Consideration and Possible Adoption of Ordinance No. 2014-02: An ordinance of the Mayor and Council of the City of Flagstaff, Arizona, authorizing the exchange of certain properties: a 1.4 acre parcel owned by the City of Flagstaff (Coconino County Assessor's Parcel Number [APN] 107-13-012) and a 4.3 acre portion of a parcel owned by W.L. Gore and Associates (APN 107-16-007P).
RECOMMENDED ACTION:
1) Read Ordinance No. 2014-02 for the first time by title only
2) City Clerk reads Ordinance No. 2014-02 by title only (if approved above)
At the January 21, 2014, Council Meeting:
3) Read Ordinance No. 2014-02 by title only for the final time
4) City Clerk reads Ordinance No. 2014-02 by title only (if approved above)
5) Adopt Ordinance No. 2014-02
2) City Clerk reads Ordinance No. 2014-02 by title only (if approved above)
At the January 21, 2014, Council Meeting:
3) Read Ordinance No. 2014-02 by title only for the final time
4) City Clerk reads Ordinance No. 2014-02 by title only (if approved above)
5) Adopt Ordinance No. 2014-02
Policy Decision or Reason for Action:
W.L. Gore and Associates (Gore) is interested in exchanging land with the City of Flagstaff. The exchange has been reviewed by City staff and it has been determined that it will enhance the Flagstaff Urban Trail System (FUTS), support the retention and expansion of an existing primary sector business, and provide a land value benefit for the City.
Financial Impact:
This land exchange is fiscally beneficial to the City of Flagstaff. The private parcel being exchanged has been appraised at a greater value than the City owned parcel. The Gore piece appraised at $940,000.00. The City parcel appraised at $106,000.00. The difference shall be considered a donation to the City of Flagstaff. The FUTS portion connects sections of trail that otherwise terminate leaving those who use the trail at a dead-end. The parcel would need to be acquired at some point in the future. Doing the acquisition as a part of this exchange has the likelihood of saving financial resources in the future.
Connection to Council Goal:
This exchange helps a local primary sector industry which is a major employer in the region to grow and improve their operations on the Fourth Street Campus. In addition, the Gore parcel will provide the land necessary to enhance connectivity for the FUTS.
Has There Been Previous Council Decision on This:
There has not been any previous council discussion or decision on this topic.
Options and Alternatives:
1) Approve Ordinance No. 2014-02 and the execution of the land exchange.
2) Not approve Ordinance No. 2014-02 and provide direction to staff on what adjustments would need to be negotiated to address any concerns. This could delay the exchange and possibly put the negotiations at risk.
3) Not approve Ordinance No. 2014-02 and not execute the land exchange. This would prevent the benefit to Gore and of the FUTS trail system.
2) Not approve Ordinance No. 2014-02 and provide direction to staff on what adjustments would need to be negotiated to address any concerns. This could delay the exchange and possibly put the negotiations at risk.
3) Not approve Ordinance No. 2014-02 and not execute the land exchange. This would prevent the benefit to Gore and of the FUTS trail system.
Background/History:
The City of Flagstaff FUTS program manages trails that converge upon a 4.3 acre portion of a section of Sinclair Wash on Assessor Parcel Number (APN) 107-16-007P. This parcel is owned by Gore. Gore has expressed interest in acquiring a 1.4 acre parcel of City owned land (APN #107-13-012). Discussions between the City of Flagstaff and W.L.Gore & Associates revealed an opportunity to exchange the parcels with mutual benefit.
Key Considerations:
This land exchange between the City and Gore supports the retention and expansion of Gore's operations in the City of Flagstaff. As discussed earlier this exchange also provides the land needed to complete a section of trail and enhances the functionality of the FUTS system while generating a value benefit to the City.
Expanded Financial Considerations:
There are no City financial resources required for the transaction and the value of the parcel exchange is a positive for the City.
Community Benefits and Considerations:
Completion of the FUTS provides multi-modal connectivity to the community. The FUTS program takes advantage of opportunities to complete sections of trail when opportunities present. As such, this land exchange meets the needs of the FUTS program as well as supporting the potential expansion of private industry in the community.
Community Involvement:
This trade supports the FUTS plan which has had significant public input. There has been no other community involvement outside of the entities involved in the trade.