Title
Resolution to Amend the Purchase Agreement for the Sale of City-Owned Property at 1146 South Maple to Avalon Housing, Inc. for the Development of Affordable Housing
(8 Votes Required)
Memorandum
Provided for Council approval is an amendment to the Residential Purchase Agreement to extend the timeline for the City to sell property at 1146 South Maple Road (the "Property") to Avalon Nonprofit Housing Corporation ("Avalon") or an affiliated entity, for $260,000.
In 2019 the City was notified that the owner of 1146 S Maple (the "Property"), which contains a single-family house, wished to sell. The City had a recorded right of first refusal on the Property, which is approximately 1.15 acres and adjacent to both Hansen Nature Area and to Avalon's Hickory Way affordable housing developments at 1120 and 1130 S Maple Road. The City initiated a process to determine whether to exercise or waive the right of first refusal, including consideration of use of the Property as additional park land or for affordable housing.
After review, City parks staff did not recommend purchasing the Property for parks purposes. The Property scored 28/100, placing it in the 4th percentile of all applications for parks acquisition, and in the lowest percentile of all "Natural Area" applications.
Community Services staff determined that the Property would be an appropriate location for affordable housing. The Property is adjacent to multi-family residential developments and the City's Comprehensive Plan recommends multi-family development for this area. The City reached out to Avalon as the City was aware that Avalon had expressed interest in purchasing the Property to expand its Hickory Way I and II affordable housing developments. Hickory Way I and II currently consist of 70 units of affordable housing which are available to individuals and families whose income does not exceed 60% of area median income, with over half of these units further restricted to households who are experie...
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