HomeMy WebLinkAboutItem 04 Downtown Exclusive Negotiating AgreementAGENDA ITEM SUMMARY
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Meeting Date:
6/26/2023
Meeting Type:
Regular Meeting
Department:
City Manager's Office
Staff Contact:
Allie Camp
Staff Phone No:
726-3688
DEVELOPMENT AGENCY Estimated Time: 10 Minutes
ITEM TITLE: DOWNTOWN EXCLUSIVE NEGOTIATING AGREEMENT
ACTION
Direct the City Manager to negotiate an Exclusive Negotiating Agreement with The
REQUESTED:
Motors LLC for two tax lots of property downtown.
ISSUE
The development potential of tax lots 17-03-35-42-02200 and 02000 can assist in
STATEMENT:
meeting the goals for downtown of communicating the viability of dense, market
rate housing and providing a market comparable for future, private projects.
ATTACHMENTS:
1. Vicinity Map
DISCUSSION/
A representative of The Motors LLC approached the Springfield Economic
FINANCIAL
Development Agency (SEDA) with interest in selling two tax lots in downtown
IMPACT:
Springfield. The two tax lots are tax lots 17-03-35-42-02200 and 17-03-35-42-
02000 and are directly adjacent to the Blue McKenzie project site (ATT 1). The
mechanism available to explore the properties more would be an Exclusive
Negotiating Agreement (ENA).
This additional land has the capability to improve a development project's viability
by adding area for exploration of housing type and construction considerations,
parking, and the incorporation of the adjacent existing commercial storefront, the
former Buick Dealership. Land banking multiple properties for a potential future
development allows for more certainty in terms of access and control of the land. It
also allows for more flexibility for how that land is programmed to both meet
community needs and be economically viable.
Both properties are zoned Mixed Use Commercial which allows for a wide range of
scheduled uses including housing. Tax lot 2200, the former Buick Dealership site,
measures 0.31 acres. The dealership building is listed on the National Historic
Registry and measures approximately 10,000 square feet. Tax lot 2000 measures
0.51 acres and has an existing auxiliary building on the site which is approximately
1,000 square feet.
An ENA is a nonbinding agreement that establishes time to exclusively develop an
understanding of a property's development potential. If directed to proceed with
negotiations, an ENA could include the following types of standard items: land use
analysis, title report, environmental phase 1, and examination of potential
development programs. At the same time, staff see value in examining the multiple
potential development sites of SEDA and City -owned land in the downtown to best
understand the entire picture of phasing for future development sites.
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The information on this map was derived from digital databases on the Lane
County regional geographic information system. Care was taken in the creation
of this map, but is provided "as is". Lane County cannot accept any responsibility
for e r positional accuracy in the digital data or the underlying
cords. Current plan designation, czoning, etc., for specific parcels should be
confirmed with the appropriate agency. There cantles, expressed
or implied, accompanying this product. However, notificationofany errors will be appreciated.
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