HomeMy WebLinkAboutResolution 2013-11 06/17/2013CITY OF SPRINGFIELD
RESOLUTION NO. 2013 -11
A RESOLUTION OF THE COUNCIL OF THE CITY OF SPRINGFIELD REGARDING SALE
OF REAL PROPERTY IN GLENWOOD.
WHEREAS, the Common Council of the City of Springfield has reviewed the proposed "Purchase, Sale
and Development Agreement" between the City of Springfield and Alko Investments, LLC ( "Also ")
regarding the purchase by Alko of City owned property in the Glenwood area of Springfield, Map
Identification 17- 03- 33 -44, Tax Lots 100 and 200; and
WHEREAS, the sale of such lots would facilitate Alko's construction of a multistory hotel and other
commercial development on Tax Lot 17- 03 -33 -44 -700 as well as commercial development on Tax Lots
100 and 200; and
WHEREAS, such construction and development would stimulate economic development and growth in
the Glenwood area of Springfield and specifically within the Glenwood Urban Renewal District; and
WHEREAS, the City has published notice of the proposed sale and held a public hearing regarding the
proposed sale in conformance with the requirements of ORS 221.725; and
WHEREAS, the Council has carefully considered the proposed sale of Tax Lots 100 and 200 and
considers such sale necessary to stimulate the economic growth and development of the City.
NOW THEREFORE, BE IT RESOLVED THAT:
1. The Purchase, Sale and Development Agreement between the City of Springfield and Alko
Investments, LLC is hereby approved.
2. The City Manager or his designee are authorized to take all action necessary to execute the
Purchase, Sale and Development Agreement described above and complete the sale.
3. This Resolution shall take effect upon its adoption by the Council and approval by the Mayor.
ADOPTED by the Common Council of the City of Springfield this 17th day of June, 2013, with a
vote of 6 for and 0 against.
Christine L. Lundberg
Mayor
ATTEST:
Amy Sow RFVlMED & APPROVED
City Recorder AS TO FORM
Attachment 8 DATE:
OFFICE OF CITY ATTORNEY