Executive/Council Action Form (ECAF)
ITEM TITLE:
Title
Motion 21-230, approval of a Real Estate Purchase and Sale Agreement between Snohomish County Fire Protection District No. 17 as seller and Snohomish County as buyer for acquisition of real property identified as a portion of tax parcel number 30071800206900
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DEPARTMENT: Facilities and Fleet
ORIGINATOR: Cherie Hutchins
EXECUTIVE RECOMMENDATION: Approve
PURPOSE: Snohomish County Council’s approval of the Real Estate Purchase and Sale Agreement between Snohomish County Fire Protection District #17 (the “Seller”) Seller and Snohomish County (the “Buyer”) and to authorize the Property Officer or the Director of Facilities and Fleet to sign on behalf of Snohomish County the Real Estate Purchase and Sale Agreement and any other documents necessary to carry out the terms and conditions of the Real Estate Purchase and Sale Agreement and to effectuate the transfer of the property from the to the County.
BACKGROUND: Snohomish County Department of Public Works (the “County”) would like to purchase a portion of 5.10 acres of undeveloped land from the Seller. The portion of the Seller’s property the County would like to purchase is approximately 1.8 acres located in the city limits of Granite Falls identified as a portion of tax parcel number 30071800206900 (the “Property”). The Seller would retain the remainder of the property for its use. The County would like to purchase the Property for Road Maintenance purposes. The Seller is willing to sell the Property to the County for a negotiated amount of $392,690.00. Purchase of the Property will be subject to the County’s acceptance of studies, reports, etc. conducted on the Property by the County during the Due Diligence period. Snohomish County Department of Public Works and the Property Management Division of the Department of Facilities and Fleet recommend the purchase of the Property.
FISCAL IMPLICATIONS:
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EXPEND: FUND, AGY, ORG, ACTY, OBJ, AU |
CURRENT YR |
2ND YR |
1ST 6 YRS |
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102 50620156101 |
$392,690.00 |
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TOTAL |
$392,690.00 |
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REVENUE: FUND, AGY, ORG, REV, SOURCE |
CURRENT YR |
2ND YR |
1ST 6 YRS |
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TOTAL |
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DEPARTMENT FISCAL IMPACT NOTES: In addition to the purchase price of $392,690.00 the County will be required to pay closing costs and other fees associated with the transfer of the Property to the County. It is estimated the closing costs and associated fees will not exceed $10,000.
CONTRACT INFORMATION:
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ORIGINAL |
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CONTRACT# |
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AMOUNT |
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AMENDMENT |
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CONTRACT# |
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AMOUNT |
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Contract Period
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ORIGINAL |
START |
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END |
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AMENDMENT |
START |
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END |
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OTHER DEPARTMENTAL REVIEW/COMMENTS: The Prosecuting Attorney’s Office has reviewed as to form the Real Estate Purchase and Sale Agreement.