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Home My WebLink About2020-12-14 Special SEDA Agenda PacketAGENDA SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY (SEDA) VIRTUAL MEETING 225 Fifth Street, Springfield, OR 97477 December 14, 2020 The meeting location is wheelchair-accessible. For the hearing-impaired, an interpreter can be provided with 48 hours notice prior to the meeting. Due to Statewide orders regarding social distancing and large gatherings, these meetings will be available via phone and internet using GoToMeetings. Members of the public wishing to attend these meetings electronically can call in or attend virtually by following the directions below. This information can also be found on the City’s website. COVID-19 Precautions: Attend from your computer, tablet or smartphone: GoToMeetings Meeting ID: 887-837-693 https://global.gotomeeting.com/join/887837693 To dial in using your phone in Listen Only Mode: Dial 1 (571) 317-3116 Toll Free 1 (866) 899-4679 Oregon Relay/TTY: 711 or 800-735-1232 ………………………………………………………………………………………………… SPECIAL SESSION SEDA MEETING 5:30 p.m. CALL TO ORDER & ROLL CALL Sean VanGordon___, Steve Moe___. Sheri Moore___, Leonard Stoehr___, Marilee Woodrow___, Joe Pishioneri___, and Joe Berney___. 1.Downtown Property Acquisition [Courtney Griesel](20 Minutes) MOTION: Authorize/Not Authorize the City Manager to draft and execute an agreement to purchase Downtown area real property located at map 17-03-35- 42 taxlot 04600 from Willamalane Park and Recreation District for a not to exceed cash price of $785,000.00 and within the terms outlined in the packet memo and discussed during the December 14 SEDA Board meeting. ADJOURNMENT AGENDA ITEM SUMMARY Meeting Date: December 14, 2020 Meeting Type: Regular Session Department: City Manager’s Office Staff Contact: Courtney Griesel S P R I N G F I E L D ECONOMIC Staff Phone No: 541-726-3700 DEVELOPMENT AGENCY Estimated Time: 20 Minutes ITEM TITLE: DOWNTOWN PROPERTY ACQUISITION ACTION REQUESTED: Authorize/Not Authorize the City Manager to draft and execute an agreement to purchase Downtown area real property located at map 17-03-35-42 taxlot 04600 from Willamalane Park and Recreation District for a not to exceed cash price of $785,000.00 and within the terms outlined in this memo and discussed during the December 14 SEDA Board meeting. ISSUE STATEMENT: Acquisition of Willamalane Park and Recreation District owned real property located at 17-03-35-42-04600 by the Springfield Economic Development Agency (SEDA) is proposed at $785,000.00, assumes SEDA/City responsibility for rezoning, and provides allowances for Willamalane to remain as a tenant in the building in a short-term interim basis. ATTACHMENTS: Attachment 1 – Identified Site Vicinity Sheet Attachment 2 – SEDA Offer Letter DISCUSSION/ FINANCIAL IMPACT: The Springfield Economic Development Agency (SEDA) continues to make substantial investments in Downtown. The Willamalane Park and Recreation District owned real property located at 17-03-35-42-04600 and addressed as 735 and 765 A Street provides an opportunity to purchase a redevelopment site which is considered to be within the Downtown core and adjacent to nearby land under redevelopment consideration. The site can be generally described as; •located at the corner of 7th Street and North A •0.39 acres of land currently zoned as Public Lands and Open Space (PLO) •17,700 +/- SF of existing building A 2019 appraisal valued the property at $800,000.00. An environmental assessment has been completed and indicated no concerns and property condition assessments has determined the building to be in overall satisfactory conditions and adequately maintained. Proposed general terms of sale for SEDA review and authorization are summarized below. a)SEDA ‘cash’ purchase price of $785,000.00 b) SEDA/CITY responsibility to rezone property from PLO to Mixed-Use c)Willamalane to remain a tenant of the property for a maximum of 6 months at $0/month and paying all utilities. The site will not incur taxes during this time. Staff seeks SEDA Board authorization for the City Manager to complete negotiations with Willamalane and sign a Purchase and Sale Agreement for the exchange of real property as described above, in addition to any other terms directed by SEDA during this regular session. ATTACHMENT 1, PAGE 1 OF 1 MEMORIAL BUILDING SITE; 735 & 765 A STREET, SPRINGFIELD, OREGON Downtown Site Vicinity Image (11/2020) POST OFFICE A STREET CITY OF SPRINGFIELD, OREGON C CITY MANAGER’S OFFICE LEGISLATIVE & PUBLIC AFFAIRS ECONOMIC DEVELOPMENT CITY RECORDER 225 FIFTH STREET SPRINGFIELD, OR 97477 (541) 726-3700 FAX (541) 726-2363 November 24, 2020 Willamalane Park and Recreation District Greg James, Board President Michael Wargo, Superintendent Board President James and Superintendent Wargo The Springfield Economic Development Agency (SEDA), an Agency of the City of Springfield Oregon, is providing this letter to express interest in acquiring real property in the Downtown area of Springfield and under current ownership of Willamalane Park and Recreation District. The specific parcel(s) include 0.39 acres of land and associated improvements located at map and taxlot 17-03-35-42-04600, and referred to as the Memorial Building . Based on the May 2019 appraisal report completed by Duncan and Brown, and in subtracting costs related to completing the rezoning of the parcel from public land and open space (PLO) to the appraised mixed-use zoning, SEDA is offering to purchase the parcel from Willamalane for a total purchase price of $785,000. This offer reflects a value that assumes a transfer of the property from Willamalane to SEDA as PLO, with SEDA or the City of Springfield taking responsibility for completing the rezone. SEDA is willing and able to close on this property within the next 30 days or sooner and would be able to support an inhouse purchase and sale drafting and closing process. This offer is not intended to create a binding agreement, nor does it address all important topics known and unknown at this time. However, it is intended to capture the Springfield Economic Development Agency’s intent and desire to proceed with a market rate cash transaction and purchase of the site within the following 30 days or sooner. Please feel free to reach out at your earliest convenience with any questions or response. Sincerely, Courtney Griesel Economic Development Director City of Springfield and Springfield Economic Development Agency Cc: Nancy Newton, Springfield City Manager Chair Woodrow, Springfield Economic Development Agency Eric Adams, Willamalane Park and Recreation District