Title
CITY-COUNTY HOTEL MEMORANDUM OF UNDERSTANDING AND COST SHARING AGREEMENT
COUNCIL INITIATIVE ADDRESSED:
Strengthen economic conditions and create new opportunites
CITY ATTORNEY REVIEW: REQUIRED
SUMMARY STATEMENT:
The County and the City of Longview jointly financed a long-range Event Center Master Plan and a hotel feasibility study. The recommendations of both studies declare that there is a need for additional conference space at the Event Center as well as a hotel for the use of conference attendees. To facilitate implementation of the Event Center Master Plan, the County and City propose an exchange of lands to allow for development of a commercial hotel. Construction of a hotel would facilitate local events and gatherings at the County Events Center and the Fairgrounds.
In consideration for exchange of parcels, City shall cause to be performed a valuation and surveys of all concerned parcels. The County will apply for subdivision or boundary line adjustment for the creation of the parcels. The City or its PDA will facilitate funding for all fees and costs necessary for such division of land.
The City will work cooperatively with the County and the City of Kelso to address access issues for the hotel as well as a new entrance to the fairgrounds from Washington Street.
FINANCIAL SUMMARY:
The City will pay approximately $12,500 for valuation, surveying and subdivision costs. The PDA will reimburse the City for those costs upon the sale of the property to a hotel developer.
RECOMMENDED ACTION:
Motion to authorize the City Manager to sign the MOU and Cost Sharing Agreement.
Body
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NOTES:
• Text in BLUE are cues for Legistar and need to be in blue.
• All text should be in ARIAL, size 11 font.