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HomeMy WebLinkAboutJ1_2 Aug 28 Armory parking adendum Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Chris A. Kukulski, City Manager SUBJECT: Schedule Public Hearing for the Potential Sale of the City’s Parking Lot at the South East Corner of Mendenhall and Willson. MEETING DATE: August 28, 2006 BACKGROUND: After further review of Ordinance 1658 the City Commission must hold a noticed Public Hearing in order for the Commission to determine IF a publicly owned piece of property is “no longer needed.” In addition to the public hearing requirement, the City utilizes “where appropriate” an appraisal to insure that the public receives fair value out of any bid, auction or direct negotiation sale process. Section I, 2.05.040 reads as follows, “…the property may be sold by bid, auction with reserve, or negotiated sale or exchange, subject, where appropriate, to a minimum price established through an appraisal…” Therefore I believe it would be helpful to this process for the Commission to consider setting a course of action to be followed IF the property at the south east corner of Mendenhall and Willson is “no longer needed.” Because of the property’s proximity to the Armory redevelopment project (contiguous), and because of the dimensions of both properties, I believe this case warrants the City to directly negotiate with the owners of the Armory under the conditions outlined by the Parking Commission and me (see original memo regarding this subject compiled on August 24, 2006), IF the city determines after the public hearing that the land is no longer needed. The Armory parcel is approx. 137 feet wide and 140 feet deep and the City’s parcel is approx. 83 feet wide and 140 feet deep; neither by themselves offer much opportunity for efficient underground or above ground level parking. We dealt with this issue when the City purchased the Powderhorn parking lot in order to assemble enough contiguous property to build our parking garage one block east of the property in question. Because parking is a primary concern of the Parking Commission and has been the focus of most of those concerned about this possible sale, I believe the Armory redevelopment offers the greatest opportunity to enhance parking. The following timeline has been created based on the above information. 1. August 31, 2006 - Advertise September 18th Public Hearing to consider the question of IF the property at Mendenhall and Willson should be sold. (the Chronicle requires 48 hours notice to advertise a public hearing) 2. September 7, 2006 - Advertise September 18th Public Hearing to consider the question of IF the property at Mendenhall and Willson should be sold. 3. September 18, 2006 - Hold the Public Hearing regarding the question of IF the property should be sold. IF the Commission determines that the property is to be sold then they would authorize the staff to negotiate the necessary documents consistent with Ordinance 1658 with the Libster Building LLC, Nygard Family LLC. RECOMMENDATION: Authorize the City Manager to advertise for a public hearing to be held September 18th to consider sale of the City’s parking lot located on the south east corner of Willson and Mendenhall. FISCAL EFFECTS: The sale price is yet to be determined based on an appraised value of the land for its intended use. Also, the taxes generated by the proposed development would be paid into the City’s downtown Urban Renewal District. The minimum amount of property taxes will be set in the development agreement and will be paid by the owner even if the taxable value falls short of the estimates or the State changes property tax formulas. ALTERNATIVES: As suggested by the City Commission. Respectfully submitted, _________________________________ Chris A. Kukulski, City Manager