Title
Resolution Approving Sale of City-owned 877 sq ft Parcel Adjacent to 200 W. Summit Street (8 Votes Required)
Memorandum
Galanis Investments LLC (“Galanis”) has offered to purchase a triangular parcel of City-owned vacant land, approximately 877 square feet adjacent to their property at 200 W. Summit Street as shown on the attached diagram. 200 W. Summit currently contains a dilapidated single family home, which has been a nuisance property prior to acquisition in 2010 by Galanis. Galanis is proposing to tear down the nuisance house and construct a duplex; however, the current parcel is too small for a duplex under the City zoning ordinance. Purchase of this 877 sq. ft. parcel and combination of it with the existing lot at 200 W. Summit would create sufficient square footage to construct a duplex.
The 877 sq. ft. vacant parcel was deeded to the City in 1909 and is part of the Wildt Street right-of-way; however, the parcel has not been paved, nor are there any City utilities on or under it. After consulting with various City service areas, staff has determined that the parcel can be sold without adversely impacting foreseeable future City needs in the area.
The proposed sale price for the parcel is $7,500.00, which is approximately the same price per square foot paid by Galanis for the 200 W. Summit parcel and reflects fair market value for the land as reviewed by the City staff. The purchase agreement will provide for closing within 30 days of the date the agreement is approved with the City providing a quit claim deed at closing.
Staff
Prepared by: Christopher Frost, Assistant City Attorney
Reviewed by: Stephen K. Postema, City Attorney
Approved by: Steven D. Powers, City Administrator
Body
Whereas, Galanis Investments LLC (“Galanis”) has offered to purchase a vacant City-owned 877 square foot parcel of land adjacent to 200 W. Summit, which is owned by Galanis;
Whereas, City staff has determined that the parcel is not needed at this tim...
Click here for full text