Consider Second Offer to Purchase Surplus City Owned Land -- Windsorwood Property--PORTIONS MAY BE CLOSED TO THE PUBLIC

As part of the Council's 2011 and 2012 strategic planning process, developing an inventory of surplus City owned land was identified as a priority. A parcel located at 178th Ave and Vicuna St, known as the Windsorwood property, was identified as surplus City owned land ("Subject Property"). With Council direction, Staff has worked with nearby property owners to negotiate a sale of the Subject Property.

The purpose of this case is to consider a second offer from David Pomroy to purchase the Subject Property. 

NOTE: this case was originally reviewed by the City Council on December 8, 2013.  At which time, the original offer of from Mr. Pomroy was rejected and a counter offer was made by the City Council (90% of appraised value).  Specific numbers will be provided in closed session.

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The Subject Property was brought before the Council a number of times in 2012; and was rezoned R1 Residential in October. Staff worked with nearby property owners to gage interest in purchasing the Subject Property. Interest in the Subject Property was expressed by three nearby property owners. At an October Council worksession, Staff was directed to give nearby property owners the "first chance" to purchase the Subject Property.

Since October, Staff sent a letter to nearby property owners indicating they had a "first chance" to negotiate a sale. Since then, Staff has received a written offer to purchase the Subject Property [now second offer]: David Pomroy, 8950 178th Circle NW.

The County values the Subject Property at $50,000. A private appraisal of the Subject Property came in at $49,000. Mr. Pomroy's offer is below both the County and privately appraised values.

Attached to this case is all correspondence between the City and nearby property owners, a property profile, adopted ordinance to rezone the Subject Property, two written offers from Mr. Pomroy, findings of fact, private appraisal and Policy for the Disposition of City Owned Land.

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Staff Recommendation: Accept the standing second offer from David Pomroy to purchase the Subject Property.

NOTE: staff will bring forward a purchase agreement and required ordinance to sell publicly owned land at the next regular City Council meeting.