2017/03/09 Council Agenda Packet

• EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET 7 PROJECT TITLE: Consent COUNCIL BILL# Amendment No. 5 to X Action Originating Department Facilities-Real Property Agreement for Purchase and Contact Person Mike Palacios Sale of Real Property,in First Reading Tom Hingson substantially the form Phone Number 425-257-8938 provided for former Smith Second Reading 425-257-8939 Street Mill Site Third Reading FOR AGENDA OF Feb 22, 2017 Public Hearing Briefing Initialed by: Department Head CAA Council President fl Location Preceding Actions Attachments Department(s)Approval 3600 Smith Purchase and Sale Agreement June 29, 2016, Amendment Facilities-Real Property, Avenue Amendment No. 4 January 25, 2017 No. 5 Transit, 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. On January 25,2017, Council approved Amendment No. 4 extending the Inspection Period from January 31, 2017,to February 28, 2017, in order for the Seller and the City to finalize the sale terms. The attached Amendment No. 5 extends the Inspection Period to April 30,2017,in order for the Seller and City to finalize the sale terms. RECOMMENDATION (Exact action requested of Council): Authorize the Mayor to sign Amendment No. 5 to the Agreement for Purchase and Sale of Real Property, in substantially the form provided for former Smith Street Mill site. 17