Title
Resolution to Direct the City Administrator to Contract for Real Estate Brokerage or Seller's Agent Services for the Sale of 415 W. Washington
Memorandum
Attached for your consideration is a resolution to direct the City Administrator to select and contract with a commercial real estate brokerage or seller's agent for the sale and development of 415 West Washington. As part of the investigation into the utilization of City properties to develop affordable housing, it was determined that this property was best used for a residential housing development, partnering with a private development team. Also, staff pursued entitlement prior to partnering with a developer ensuring community goals were incorporated into the project prior to a sale.
Staff entitled the project through the Planned Unit Development (PUD), process assuring the minimum goals of the community were part of the zoning and development regulations. Subsequent to that approval, staff worked with a local development team to investigate the opportunity to apply a unique concept for energy provision to the site. Council approved a six-month window to evaluate that opportunity. The development team recently withdrew its offer for the site.
Staff recommends, as the next step in the development process, partnering with a broker or seller's agent to pursue competitive offers for the site. Offers will be based on the requirements of the PUD and will identify any additional affordable and sustainable elements desired by the community.
Staff
Prepared by: Derek Delacourt, Community Services Area Administrator
Reviewed by: Kevin McDonald, Chief Deputy City Attorney
Approved by: Milton Dohoney Jr., City Administrator
Body
Whereas, On April 1, 2019 via Resolution R-19-138 City Council directed the City Administrator to collaborate with the Executive Director of the Ann Arbor Housing Commission to create affordable housing units and explore options to provide dedicated public space for other publi...
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