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|March 28, 2019 City Council Regular Meeting|
48. Motion to Approve a Exchange of Real Property with Row Pine Development, LLC.
Staff is recommending the withdrawal of this item.
Staff is seeking Council’s authorization to trade City-owned real property. Specifically, staff is interested in acquiring +/- 33 acres in the Highlands Business Park for future development of public services in the Northwest Area; said services to potentially include a mini-municipal service facility, ball fields, playgrounds, a police sub-station, and other such uses. In lieu of a cash transaction, staff has negotiated a land trade/exchange with the property owner. The City would trade 5 parcels located along East Broughton Street, which the new owner would develop into a housing project. This land was originally acquired by the City for a future parking garage, but the City is building a parking garage on the Eastern Wharf property instead. In addition, the City would trade an assemblage of parcels along Feeley Avenue that the new owner would develop with future industrial uses.
David Keating, Director of Real Estate Services
Exhibit 1: Real Property Trade - Row Pine-signed Agreement.pdf
Exhibit 2: Highlands Land Swap - Maps.pdf