2016/12/21 Council Agenda Packet

EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET 1 PROJECT TITLE: Consent COUNCIL BILL# Amendment No. 3 to 12.28.16 Action Originating Department Real Property Agreement for Purchase and First Reading Contact Person Mike Palacios Sale of Real Property, in Tom Hingson substantially the form provided Second Reading Phone Number 425-257-8938 425-257-8939 Third Reading FOR AGENDA OF December 21, 2016 Public Hearing December 28,2016 12.21.16 Briefing Initialed by: Department Head CAA Ai- -a Council President / Ai Location Preceding Actions Attachments Department(s)Approval 3600 Smith Purchase and Sale Agreement(6/29/16) Amendment Real Property,Transit Avenue Legal,Administration Amount Budgeted $4,000,000.00 plus closing Expenditure Required $4,000,000.00 plus closing Account Number(s): Fund 425 Budget Remaining Additional Required DETAILED SUMMARY STATEMENT: On June 29, 2016, Council approved the purchase and sale agreement for the acquisition of the former Smith Street Mill site located at 3600 Smith Avenue, which is adjacent to and immediately south of the Everett Station. The site will be used for Transit operations with initial use as bus parking, allowing Transit to discontinue leasing space at 2911 California Avenue. The site will also provide a potential placeholder for the City to meet its obligation to Sound Transit for a future 100-space parking lot for Everett Station. The attached draft amendment contains revisions to the purchase and sale agreement. The revisions will be addressed at the Council briefmg on December 21,2016. Council will also be provided with an updated amendment at the briefing. RECOMMENDATION(Exact action requested of Council): Authorize the Mayor to sign Amendment No. 3 to Agreement for Purchase and Sale of Real Property, in substantially the form provided. 1