RES 2016-18 AMENDING RES NO. 2016-18 ESTABLISHING PROCEDURES FOR SURPLUS & SALE OF REAL PROPERY[UM �4�4 L� W1 US
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establishing procedures for the surplus and sale process for real property owned by the
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shall establish and maintain an inventory and map of City -owned property.
References in this Resolution to "City -owned property" are meant to include any Leal
property owned by the City or any of its utilities or other special-purpose funds. The
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5. Listing of restrictions, covenants or other limiting attributes-,
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9Estimated land and improvement value; and
10. Restricliotis of pr(,jperty tisc or mle (ifal')plicable).
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_Real PmLeLty _1WMV1!w. ' Iia --(.,(,�t-i,,,iiii4-t-ee Uly, Lnr qj�(,,)r
LIQ__A �g!� shall annually review all of the City's current real property holdings with regard
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2. If the property could be used for another City purpose copsistept
with' -n its original purchasing fund re,,j,,)ot*ibifi+y
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3. if the property could be used for another City purpose outside of the
a° at tasil alit: t "original purchasing fund wstrictiolls,jfatly;
4. If the property appears to be surplus to the City's needs;
5. Whether there is evidence of potential interest by anyone in
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district, in,):cq'gjrin1v,
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(hy-, 1IL'ILI, g�tr or desigILc-, shall prepare an annual written report
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�,t'ly uid recominendations as to
whether any additionfl City real property should be declared surplus by the City Council.
The report shall contain the following information with regard to any property that-4�
M- ared reco in p ig id cd I'm surplus:
I . Description of the location and size of the property;
0-1. Description of the circumstances under which the property was
3. Description of the funds used to acquire the property and any
restrictiolls on tile
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be--erediti.qt;
-54. Description of what municipal use the property has been put to in
the past, if any, and what use, if any, for which it might be held;
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97. Whether the property is only usable by abutting owners or is of
4-08. Whether special consideration ought to be given to some other
449. Whether the property should be sold at auction, by sealed bid, by
4-210. Recommendation as to whether any special covenants or
restrictions; should be imposed in conjunction with sale of th*
1311. If owned by a City utility, recommendation as to whether th4
property should be sold or transferred to the City's General Fund
prior to being conveyed or sold to a third party.
The written report shall be submitted to the City Council in cotinection with the
k"it '��_Mid--Yqqr Fipmci I R, )ort no later -than
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Y__,.J.)ecJara6ori. City real property may be declared
surplus by the City Council after the following procedures have been completed:
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consider whether to declare any real property surplus to the needs of
the City. In accordance with RCW Chapter 39.33, notice of said
hearing shall be published in the City's official website (or, if legally
necessary, in the City's newspaper of record) not less than ten (10)
days nor more than twenty-five (25) days prior to the hearing. In
addition, a news release pertaining to the public hearing shall b�o
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the property surplus and shall also make the following
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(a) Whether the property should be transferred to another
(b) Whether the property should be sold by sealed bid, at auction,
by request for proposal (RFP), or through negotiated sale-;
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LO Whether special covenants or restrictions should be imposed
REMITROTNM/ . .
E.F-7 Sale Procedgq-,s 1"or Real I :91,jerty. The following procedures and
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................... I 1111--l' .. ..... ...... - ------ -
Estimated
----- . .... ...........
Recommended Report
. ............ ............
Review Suggested
Pro er...pI _Value_
Format . . ................. .... .
- -- — ------ ---
_U�to $100,000
Limited/Restricted .........
.............. . ..
No
$100,001 to
Limited/Summary
No
$500,000
. ........................... . . . . . . . . . . . . ................................. . . . .
..... ........ . . ..........
. . .................. ................... . . . . . .. . . . . . ..
$500,001 to
Complete/Summary
Yes
$3,000,000
$3,000,001 and
Complete/Self-Contained
Yes
above
. ........................... . . .
AnyThe appraiser or reviewer hired by the City must be licensed by
the State of Washington as a "state certified general appraiser."
2. SEPA Review. The sale and/or transfer of any surplus real property
that is subject to an authorized public use shall be contingent upon
completion of a SEPA review process and the expiration of the SEPA
appeal period.
3. Processes for sale of real property.
(a) Disposition by Sealed Bid. Where a property is sold by
sealed bids, Ili
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ad talc aV, 1"lak
�eeineiit and i e �a gMogiit �igree
t2y ,.wittjp (he tiiii Llj1, _�fj
all -bid s-sti bfnittet-I-til LISI ri e ae kt, q, i. a i+ -b": t- . I -) i d- (I (q) 0 ,; i: t ii " I
,,,,,t. Such deposit shall
be deposited into escrow until closing on the purchase of the
property, and payment of the remaining amount of the
purchase price -shall be made within thirty (30) days, unless
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otherwise a "re �L(jy flj� I qqies. In the event the purchaser is
unable to pay the remaining amount within the required time,
the earnest money deposit shall become non-refundable and
may be retained by the City as liquidated damages.
Disposition by Auction. Where property is sold at auction,
the prevailing bidder must immediately tender a cash deposit
or certified check for deposit into escrow as earnest money
to the City of Bainbridge Island in an amount,_qgL(,,,.qaLbyic,
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Payment of the remaining amount of the purchase price shall
be made within thirty (30) days, 'Upless oljiemwie
i,jvcd by
the parties. In the event the purchaser is unable to pay the
remaining amount within the required time, the earnest
money deposit shall become non-refundable and may be
retained by the City as liquidated damages.
(c) Disposition by Request for Proposal.
a4ieellsed Where property is sold through
a process that includes a request for proposals (RFP), a
specification document (including criteria for evaluation of
applicant proposals) shall be made available to any person
or entity which the City determines would be a qualified
applicant. Acceptance or rejection of responses to a Request
for Proposal shall be in the sole discretion of the City
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(i) EN2,� Stag��. Once the City selects a Developer, it and the
Developer will then execute an Exclusive Negotiating
Once the ENA has been negotiated and
approved by the Council, a Disposition and
Development Agreement (DDA) will be negotiated
between the parties and presented to the Council for
approval. All legal rights and obligations between the
selected Developer(s), if any, and the City will come into
existence only when a DDA is fully executed by the
parties and then approved by the Council. The legal
rights and obligations of each party shall be only those
riV�Isgjid oblig,-*.�*4,i��` ,
any other documents specifically referred to in that DDA
and executed by the parties.
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I l - _gyc. Once all the DDA conditions
precedent to property transfer have been met, the City
will transfer the site to the Developer, and construction
will ag hggin within a short time thereafter, as
mutually agreed upon by the City and the Developer.
(d) Disposition by Negotiated Sale or Sale through a Real
through a real estate broker, the purchaser shall deposit
earnest money into escrow in an amount qgjq0..by_Ahe
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sale agreement for the purchase of the Subject Property.
Payment of the remaining balance of the purchase price shall
be made within thirty (30) days, unless otherwise specified
in the purchase and sale agreement, In the event the
purchaser is unable to pay the remaining amount within the
required time, the earnest money deposit shall become non -
4. Notification of Sale of Surplus Real Property. Notice of sale of
surplus property shall be given in accordance with RCW 39.33.020.
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5.6-. Form of Conveyance. All conveyances shall be made by quit claim
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6.-77 Closing Costs. Closing including, but not limited to, title insurance,
recordation costs, and escrow fees shall be allocated as agreed by
F. G-. ItitelIg (al Tratisf-ers. Intergovernmental transfers of real property
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PASSED by the City Council this 23" day of August, 2016.
APPROVED by the Mayor this 23rd day of August, 2016.
By• __&X'tL,')o
Rosalind D. Lassoff, CMC
City Clerk
FILED WITH THE CITY CLERK:
PASSED BY THE CITY COUNCIL:
RESOLUTION NO.
By:..�..
11 '1 i�;l e1:�011 M
July 31, 2016
August 23, 2016
2016-18
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