Drafter
Clerk 06/19/2003
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AN ORDINANCE authorizing the county executive to purchase the property known as the "Branch Villa Health Care Center," located in Council District 10, from the U.S. Department of Housing and Urban Development (HUD), and sell said property to Opportunities Industrialization Center of Washington (OIC) a Washington State non-profit corporation.
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BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Findings.
A. The Branch Villa Health Care Center, located in the central area of Seattle at 2611 South Dearborn Street, has been providing culturally competent nursing home care to the community for more than 30 years.
B. The United States Department of Housing and Urban development (HUD) is the mortgagee of the property known as the Branch Villa Health Care Center (Branch Villa Property). HUD is in the process of foreclosing on the current legal owners for failure to comply with the FHA note and mortgage agreement.
C. The Opportunities Industrialization Center of Washington (OIC), a non-profit organization with headquarters in Yakima, Washington, proposes to purchase the Branch Villa Property in order to continue providing culturally relevant nursing home care to its residents.
D. OIC has obtained a license to operate the facility from the Washington State Department of Social and Health Services, and has entered into a lease agreement for the property with Branch Villa Health Care Properties Inc., Branch Villa Properties LLC and Andrew Branch, the current owners of the Branch Villa Property. Under its operation, OIC has re-named the facility the Leon Sullivan Health Care Center.
E. HUD regulations under the Multifamily Property Disposition Reform Act do not allow HUD to negotiate a non-competitive sale price on properties in foreclosure with non-profit organizations, such as OIC. The same regulations do allow HUD to negotiate a non-competitive sale price on properties in foreclosure with local governmen...
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