Loading...
2021-409-Order No. 2021-050 Recorded 10/19/2021REVIEWED WZM LEGAL COUNSEL i Recorded in Deschutes County Steve Dennison, County Clerk Commissioners' Journal C ES 2021-409 CJ2021-409 10/19/2021 10:53:40 AM BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON An Order Designating Kristie Bollinger, the Deschutes County Property Manager, as the Deschutes County Representative for the Purpose of Signing Documentation for the Sale of Multiple Deschutes County Owned Property Located in the La Pine Industrial Area, La Pine * ORDER NO.2021-050 WHEREAS, the Board of County Commissioners of Deschutes County has authorized the sale of property in the La Pine Industrial and La Pine Industrial Site Phase II plats specifically, Lot 2 is 5.73-acres located at 51365 Russell Road, known as Map and Tax Lot 221013C000700; `Common Area' is 5.59-acres located at 51385 Landers Court, known as 221013C001400; Lot 8 is 1-acre located at 16869 Finley Butte Road, known as Map at Tax Lot 221013C000200; Lot 9 is 1-acre located at 16857 Finley Butte Road, known as Map and Tax Lot 221013C000300; and Lot 10 is 1-acre located at 16835 Finley Butte Road, known as 221013C00400, La Pine Oregon 97739; and WHEREAS, Deschutes County received an offer (Purchase and Sale Agreement (PSA)) from JSW Properties LLC (Purchaser) to purchase property as follows: Lot 2 for Two Hundred Twenty Four Thousand Six Hundred Thirty Eight Dollars and Twenty Cents ($224,638.20); Common Area for One Hundred Eighty Two Thousand Six Hundred Twenty Five Dollars and Thirty Cents ($182,625.30); and an exclusive option to purchase Lots 8, 9 and 10 for Fifty Four Thousand Four Hundred Fifty Dollars ($54,450) per Lot for a total of One Hundred Sixty Three Thousand Three Hundred Fifty Dollars ($163,350); and WHEREAS, the due diligence period will be no more than One Hundred Seventy Five business days (175) from the date the PSA is executed unless County and Purchaser agree in writing to extend; and WHEREAS, closing shall occur no later than May 31, 2022 unless County and Purchaser agree in writing to extend; and WHEREAS, the Purchaser has agreed to pay no less than Twenty Thousand Dollars ($20,000) earnest money; now, THEREFORE, THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, HEREBY ORDERS as follows: Section 1. Kristie Bollinger, the Deschutes County Property Manager, is designated as the Deschutes County representative for the purpose of signing the necessary documents for the sale of property as described above in the La Pine Industrial and La Pine Industrial Site Phase II plats, La Pine. SIGNATURES ON FOLLOWING PAGE PAGE 1 OF 2- ORDER No. 2021-050 �44, Dated this _� of O , 2021 ATTEST: R ding Se retary BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON r AAI'-- - - ---_..... ANTHONY DEBONE, Chair PHIL C ANG, Vice C air PA TI ADAIR, Commissioner PAGE 2 of 2- ORDER No. 2021-050 G2 V LJ�..1 I V I LJ t.V V I V I 1 V it.i ni 11 i v im - Maptax #221013C000200 - 1.00 Acres & -iQQ < 300 - 1.00 Acres & 400 - 1.00 Acres Created: 9/30/2021 V LJt.I I V I LJ \.V V I V I 1 V 1t,011 V I 1 { Maptax #221013C000700 - 5.73 Acres & 221013CO01400 - 5.59 Acres Doc# 2003-173145 & Not Available FINLEY R, i--rc nm b >- CW REEVES LN J LL! M 971 ;1 � Legend Taxlot - Private Owned 20' ® 221013C000700 - Deschutes County 7 ® 221013CO01400 - Deschutes County 273 )n 10 Created: 9/30/2021 �w1 ES COG <'<BOARD OF COMMISSIONERS AGENDA REQUEST & STAFF REPORT MEETING DATE: Wednesday, October 13, 2021 SUBJECT: Consideration of Board Signature for Order No. 2021-050, authorizing the Deschutes County Property Manager to execute the documents associated with the sale of County -owned property located in the La Pine Industrial area, La Pine RECOMMENDED MOTION: Move approval of Order No. 2021-050, authorizing the Deschutes County Property Manager to execute the documents associated with the sale of County -owned property located in the La Pine Industrial area, La Pine BACKGROUND AND POLICY IMPLICATIONS: Deschutes County owns various properties in the La Pine Industrial and La Pine Industrial Site Phase II plats. Lot 2 is 5.73-acres located at 51365 Russell Road, known as Map and Tax Lot 221013C000700 with a Real Market Value (RMV) of $112,630 as determined by the Deschutes County Assessor's Office; the'Common Area' is 5.59-acres located at 51385 Landers Court, known as 221013CO01400 with a RMV of $85,090; Lot 8 is 1-acre located at 16869 Finley Butte Road, known as Map at Tax Lot 221013C000200 with a RMV of $40,670; Lot 9 is 1-acre located at 16857 Finley Butte Road, known as Map and Tax Lot 221013C000300 with a RMV of $40,670; and Lot 10 is 1-acre located at 16835 Finley Butte Road, known as 221013CO0400 with a RMV of $26,250. John Williams, who is the owner of Quicksilver Contracting Company, currently leases portions of Lot 2 and the Common Area described through two separate leases. A 4.68-acre portion of Lot 2 that includes an Option to Purchase at $0.90 per square foot and a 4.57-acre portion of the'Common Area'. Mr. William's real estate holding company, JSW Properties LLC, owns 37.68-acres of adjacent property. Collectively with the leased property, Mr. Williams operates Quicksilver, which is a forestry services and forest products manufacturing company. As anticipated, Mr. Williams has submitted an offer to purchase property from the County as follows: a) Lot 2 in its entirety of 5.73-acres for $0.90 per square foot or $39,204/acre for a total of $224,638.20. b) 'Common' area in its entirety of 5.59-acres for $0.75 per square foot or $32,670/acre for a total of $182,625.30. c) Lot 8 in its entirety of 1-acre located at 16869 Finley Butte Road known as Map and Tax Lot 221013C000200; exclusive Option to Purchase at $1.25 per square foot or $54,450/acre for a total of $54,450. d) Lot 9 in its entirety of 1-acre Located at 16857 Finley Butte Road known as Map and Tax Lot 221013C000300 ; exclusive Option to Purchase at $1.25 per square foot or $54,450/acre for a total of $54,450. e) Lot 10 in its entirety of 1-acre located at 16835 Finley Butte Road known as Map and Tax Lot 221013C000400; exclusive Option to Purchase at $1.25 per square foot or $54,450/acre for a total of $54,450. There is some understanding that there may be environmental challenges related to a portion of Lot 9 and possibly Lot 10. Prior to County ownership of these properties, the surrounding community often dumped debris and trash at this location. Mr. Williams intends to complete environmental discovery by way of an environmental consultant, and if issues are found, he may opt not to proceed with the property purchase or ask for a discount on the purchase price. In 2019, the County and City of La Pine entered into an Intergovernmental Agreement (IGA) that provided the City full power and authority for the marketing, promotion and sale negotiations for County -owned property located in the industrial area (La Pine Industrial, Newberry Business Park and Finley Butte Industrial Park) for the purpose of economic development. The IGA provides for a 50/50 split of gross proceeds from sales; IGA attached for reference. The "Common" area is not included on the list of applicable properties, but the Board agreed in a recent executive session to include the sale of this property in the 50/50 split. The offer includes paying a real estate commission to Duke Warner Realty in an amount equal to 2.5% of the sales price for all or a portion of the real property identified in the Purchase and Sale Agreement including Lots 2, 8, 9, 10 and the "Common Area". Per the terms of the IGA, the City of La Pine is responsible for covering this cost, which equates to approximately $14,265.33. Other terms of the sale include a $20,000 earnest money, a 175 business day inspection period and closing to occur no later than May 31, 2022. BUDGET IMPACTS: The total offer for Lots 2 and the'Common' area is $407,263.50, and the total offer through an exclusive Option to Purchase Lots 8, 9, & 10 is $163,350. ATTENDANCE: Kristie Bollinger, Property Manager