Title
PUBLIC HEARING - SALE OF EXCESS SEWER UTILITY PROPERTY ON 48TH AVENUE AT OCEAN BEACH HIGHWAY
COUNCIL STRATEGIC INITIATIVE ADDRESSED:
Provide sustainable water quality & environmental infrastructure
Continue effective financial management
SUMMARY STATEMENT:
In 2009 the City purchased a vacant lot adjacent to the OB 3 sewer pump station located at 4802 Ocean Beach Hwy. This lot was utilized for pump station expansion and as a contractor staging area for the West Longview Sewer Diversion project. With the project nearing completion, an adjacent property owner approached the City with an offer to purchase the unused portion of this lot. The lot cannot be developed unless it is combined with adjacent property, and sale of this property will eliminate the need for City maintenance of the lot. Under RCW 35.94.040, the City is required to hold a public hearing and adopt a resolution declaring the property surplus and authorizing its sale.
Staff has determined the value of the property to be in the range of $3,000 to $5,000. In order to sell the excess property, a boundary line adjustment was necessary. The boundary line adjustment has been completed, the cost of which was paid by the prospective buyer.
FINANCIAL SUMMARY
In consideration that the prospective buyer already paid the cost of the boundary line adjustment, staff recommends setting the sale price at $3,000, with the buyer paying all closing costs. Revenue from the sale will be deposited into the Sewer Construction Fund.
RECOMMENDED ACTION:
Conduct the public hearing.