Explanation
Background: The following is an ordinance to authorize the Executive Director of Recreation and Parks to enter into a purchase contract in the amount of up to $1,431,198.00 for the acquisition of warehouse and maintenance space from the Alum Creek Park Limited Partnership for the relocation of the Recreation and Parks warehouse and maintenance operation on W. Whittier Street.
CRPD has been looking for space to relocate it's warehouse and maintenance operation off of the Whittier Peninsula to facilitate the redevelopment of the peninsula for a park and Audubon Center. A facility on Alum Creek Drive approximately 79,500 square feet with adequate surrounding land has been identified. The purchase for $18.00 per square foot of 1533 Alum Creek Drive and an additional 1.3 acres of land adjacent to the building will be purchased for up to $1,431,198.00 to meet the department needs. Purchase contingencies include completion of a Phase 1 Environmental Assessment and a Property Condition Assessment.
Fiscal Impact: The Department of Recreation and Parks, has determined that the funding for this project will be from the Voted 1999/2004 Recreation and Parks Bond Fund. ($1,431,198.00)
Emergency Justification: Emergency action is requested to allow this acquisition to proceed in agreement with the closing transaction deadlines and other terms of the purchase contracts, which includes that the required legislation to be approved by council prior to the end of 2006.
Title
To authorize the Executive Director to enter into a purchase contract in the amount of up to $1,431,198.00 for the acquisition of warehouse and maintenance space from the Alum Creek Park Limited Partnership for the relocation of the Recreation and Parks warehouse and maintenance operation on W. Whittier Street, to expend up to $1,431,198.00 from the Voted 1999/2004 Recreation and Parks Bond Fund, and to declare an emergency. ($1,431,198.00).
Body
WHEREAS, the...
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