Submitted by: Laura Reams
Submitting Department: Administration
Agenda Section: Action
Item Title:
title
Acquisition of Property from Werrlein WSSC, LLC: Lower Lot, Suffrage Point
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Suggested Action:
recommendation
I move the Mayor and Council authorize the City Administrator to enter into a sales agreement with Werrlein WSSC, LLC for the purchase of "outparcel 1" otherwise known as the Lower Lot, for an amount not to exceed $6.5 million. The sales agreement will be subject to the below listed conditions and the review and approval by the City Attorney for legal sufficiency.
The sales agreement shall include the following conditions:
- The City's obtainment of the $3.5M Greenspace Equity Program Grant to support the City's purchase of the property.
- The City's obtainment of two property appraisals.
- Authorization by Werrlein WSSC, LLC for the City to conduct a site survey, evaluation, and soil/core testing during the study period.
- The City will not pay closing costs for the property owner.
- Werrlein WSSC, LLC will complete the following site work prior to the sale:
o Installation of the connecting storm drain, stormwater management piping system
o Removal of the temporary stormwater sediment trap
o Excavation, removal and disposal of dirt/soil
o Removal of the temporary berm between the lot and the park
o Grading, seeding, straw and stabilization of the lot.
o Work must be completed in compliance with all issued permits
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Summary Background:
In 2024, Werrlein Properties submitted a letter requesting the City to consider acquiring the lower lot property of the Suffrage Point development for a purchase price of $10,750,000.00. Currently this land is slated for development and is located in the Traditional Residential Neighborhood (TRN) Character Area of the Gateway Arts District Sector Plan and SMA. The lot was previously zone O-S (Open Space). It was rezoned R-55 through the approval of CSP-18002.
Staff have conducted a preliminary assessme...
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