Res 2092 - FHDC Extension for Option to Acquire Real PropertyCOUNCIL BALL NO. 3030
RESOLUTION NO. 2092
A RESOLUTION TO EXTEND THE OPTION PERIOD TO ACQUIRE REAL PROPERTY FOR
THE FARMWORKER HOUSING DEVELOPMENT CORPORATION (FHDC) AND
AUTHORIZING THE CITY ADMINISTRATOR TO SIGN AN AMENDMENT TO THE
CURRENT OPTION CONTRACT WITH FHDC
WHEREAS, on October 26, 2015, the City Council received an offer from
FHDC to purchase City -owned surplus real property located at 1750 Parc Ave.
(the "Property"); and
WHEREAS, on November 9, 2015, the City Council voted and unanimously
passed Council Bill No. 2991, to sell the Property to FHDC and allow the City
Administrator to sign an option to acquire real property with FHDC; and
WHEREAS, on November 10, 2015, the City and FHDC entered into an
Option to Acquire Real Property Agreement ("Option Agreement"), whereby
granting FHDC the exclusive option to acquire the Property upon the terms and
conditions set forth in the Purchase Agreement; and
WHEREAS, on August 16, 2016, the City and FHDC entered info a First
Amendment to the Option Agreement, thereby extending the option expiration
to April 30, 2017 and the financing contingency to July 31, 2017; and
WHEREAS, since entering into the Option Agreement, FHDC has
conducted a preliminary environmental review of the Property and was
awarded funding to develop the property; and
WHEREAS, due to a delay in receiving the funding award, FHDC requires
additional time beyond that provided in the First Amendment to the Option
Agreement to complete the federally required National Environmental Policy
Act (NEPA) review process, and
WEHREAS, the City Council finds it still in the best interest of the City to
maintain the Option Agreement with FHDC and allow FHDC the necessary
additional time it needs to complete the NEPA review process; NOW THEREFORE,
THE CITY OF WOODBURN HEREBY RESOLVES AS FOLLOWS;
Section 1. That the City of Woodburn enter into the Second Amendment
to Option to Acquire Real Property, a copy of which is affixed hereto as
Page 1 - COUNCIL BILL NO. 3030
RESOLUTION NO, 2092
Attachment "A" and by this reference incorporated herein, with FHDC for the
sale of City owned surplus real properfy located at 1750 Park Ave.
Section 2. That the City Administrator is authorized to sign said
amendment on behalf of the City.
Approved as to form:
City Aft e7 Date
Approved:
Passed by the Council V-24 -17 L" za-,, J,
Submitted to the Mayor . .... ..
Approved by the Mayor
Filed in the Office of the Recorder
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ATTEST:
Heather Pierson, City Recorder
City of: Woodburn, Oregon
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RESOLUTION NO, 2092