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File #: 15-13706    Version: 1 Name:
Type: Business Item Status: Agenda Ready
File created: 7/2/2020 In control: City Council Business Meeting
On agenda: 8/10/2020 Final action:
Title: Sale of City-Owned Property on Starwood Avenue
Attachments: 1. Map Starwood Avenue, 2. Resolution
Title
Sale of City-Owned Property on Starwood Avenue

Action
Action:
A. Adopt a resolution approving the sale of 0.6 acres of city-owned property on Starwood Avenue (parcel identification numbers 105-271-74 and 105-271-75) to A-Plus Realty Inc., for $20,000, and

B. Authorize the City Manager to negotiate and execute all documents necessary to complete the sale of the property.

Body
Staff Resource(s):
Phil Reiger, General Services
Tony Korolos, General Services
Ron Hargrove, Charlotte Water
Pamela Wideman, Housing and Neighborhood Services

Explanation
* On August 27, 2018, City Council adopted the Housing Charlotte Framework, which recommends leveraging city-owned land and expanding the supply of high-quality affordable housing by building new affordable housing and preserving existing affordable housing.
* These city-owned properties along Starwood Avenue are approximately 0.6 acres, located in Council District 4, and zoned R-3 (residential). The parcels are no longer needed by the city and were part of the Willow Creek Wastewater Treatment Plant.
* A-Plus Realty Inc., a private builder, proposes to purchase the properties to construct two single family residential homes. One of the homes will be sold to a House Charlotte eligible household with a long-term (15-year) affordability deed restriction. A-Plus Realty Inc. agrees that the affordable unit shall be developed within three years of the date of the deed conveying the property to the buyer.
* The Planning Commission reviewed the property for surplus sale in March 2017 and supported the sale of the vacant lot with no additional comments.
* The property was appraised January 17, 2020, for $26,000.
* The offer from A-Plus Realty Inc. includes the following terms:
? Price of $20,000,
* Due diligence period of 60 days, and
? Closing to occur within 30 days after the expiration of the due diligence period.
* This transaction is consistent with the Council-adopted City-Owned Real Estate and Facilities Poli...

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