File #: 2005-0364    Version:
Type: Ordinance Status: Passed
File created: 8/22/2005 In control: Transportation Committee
On agenda: Final action: 8/29/2005
Enactment date: 9/8/2005 Enactment #: 15261
Title: AN ORDINANCE authorizing the King County executive to enter into the sale of three parcels of surplus county-owned real property in council district 3, and authorizing the amendment of Ordinance 13938, Section 1, as it pertains to the method of sale of these three parcels; and amending Ordinance 13938, Section 1.
Sponsors: Kathy Lambert
Indexes: Agreement, Executive, Property, Surplus Property
Attachments: 1. Ordinance 15261.pdf, 2. A. Legal Description Parcels 262605-9044, 252605-9050, 3. 2005-0364 Fiscal Note.doc, 4. 2005-0364 REVISED Staff Report Sale of three roads parcels 8-24-05.doc, 5. 2005-0364 Staff Report Sale of three roads parcels 8-24-05.doc, 6. 2005-0364 Transmittal Letter.doc, 7. B. Legal Description Parcel 252605-9010, 8. C. Purchase and Sale Agreement-Burnstead, 9. C. Purchase and Sale Agreement-Burnstead, dated August 24, 2005, 10. D. Purchase and Sale Agreement-Fitzgerald
Drafter
Clerk 08/25/2005
title
AN ORDINANCE authorizing the King County executive to enter into the sale of three parcels of surplus county-owned real property in council district 3, and authorizing the amendment of Ordinance 13938, Section 1, as it pertains to the method of sale of these three parcels; and amending Ordinance 13938, Section 1.
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STATEMENT OF FACTS:
1. On September 18, 2000, the King County council passed Ordinance 13938 authorizing the executive to surplus and to sell fourteen parcels of county-owned real property in council districts 3, 7, 8, 12 and 13. Parcel 7 of Ordinance 13938, located in council district 3, consists of three separate tax parcels: 262605-9044, 252605-9010 and 252605-9050. These three parcels are contiguous and were treated as one parcel in Ordinance 13938 because of the value each parcel offers to the other. King County facilities management division now wishes to sell these three tax parcels and to amend the method of their sale as originally specified in Ordinance 13938. The amendment is stated in section 1 of this ordinance.
2. In May 2005, an unsolicited offer to purchase one of the three tax parcels (252605-9010) was received by King County facilities management division. This offer to purchase was tendered by Burnstead Construction, and was in the amount of $180,000.00.
3. The facilities management division reviewed the offer, and rejected it as the sale of parcel number 252605-9010 by itself would have rendered the adjacent parcels virtually worthless, as they are encumbered by steep slopes and have no access. Parcel 2526005-9010 is the only parcel with development potential. A new agreement for the sale of the entire subject property was negotiated, with the buyer agreeing to pay $230,000.00 for the entire subject property.
4. This offer was reviewed and deemed of exceptional value to King County. The unique circumstance of the buyer having the adjacent properties under contract to purchas...

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