Loading...
2021-407-Order No. 2021-049 Recorded 10/19/2021REVIEWED TA OIL, - LEGAL COUNSEL Recorded in Deschutes County Steve Dennison, County Clerk Commissioners' Journal ��tEs co 2021-407 CJ2021-407 10/ 19/2021 10:52:54 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 Deschutes County Owned Property Located at the NE Corner of NE 27' Street and NE Conners Avenue, Bend, Oregon 97701 known as Map and Tax Lot 171226CB02109 * ORDER NO. 2021-049 WHEREAS, the Board of County Commissioners of Deschutes County has authorized the sale of property located at the NE corner of NE 27`'' Street and NE Conners Avenue, Bend, Oregon 97701 known as Map and Tax Lot 171226CB02109 to Central Oregon Regional Housing Authority D.B.A Housing Works; and WHEREAS, Deschutes County received an offer from Housing Works to purchase property (Purchase and Sale Agreement (PSA)) for One Million ($1,000,000) Dollars, subject to a due diligence period scheduled to expire in Ninety (90) Days from the date the PSA is executed; and WHEREAS, the transaction closing is projected to occur within Ten (10) Business Days after the due diligence period or from when Housing Works removes contingencies, at which time documents necessary to conclude the transaction need to be signed on behalf of Deschutes County as the seller; 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 located at the NE corner of NE 27" Street and NE Conners Avenue, Bend, Oregon 97701 known as Map and Tax Lot 171226CB02109 SIGNATURES ON FOLLOWING PAGE PAGE 1 OF 2- ORDER No. 2021-049 Dated this / 372 of �, 2021 ATTEST: 7�4 Recording 'ecretary BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON ANTHONY DEBONE, Chair P L CHANG, Vice Chair r P TTI ADAIR, Commissioner PAGE 2 OF 2- ORDER No. 2021-049 L-') UUUI\J I Y VICIN I Y MAP Maptax #171226CB02109 Order No. 2021-049 1.14 Acres Created: 9/30/2021 L� )IZ, ES C-0 COMMISSIONERSBOARD OF AGENDA REQUEST & STAFF REPORT MEETING DATE: Wednesday, October 13, 2021 SUBJECT: Consideration of Board Signature for Order No. 2021-049, authorizing the Deschutes County Property Manager to execute the documents associated with the sale of County -owned property located at the northeast corner of NE 27th Street and NE Conners Avenue, Bend RECOMMENDED MOTION: Move approval of Order No. 2021-049, authorizing the Deschutes County Property Manager to execute the documents associated with the sale of County -owned property located at the northeast corner of NE 27th Street and NE Conners Avenue, Bend BACKGROUND AND POLICY IMPLICATIONS: Deschutes County owns a 1.14-acre property located at the northeast corner of NE 27th Street and NE Conners Avenue, Bend, known as Map and Tax Lot 171226CB02109. The Real Market Value (RMV) by the Deschutes County Assessor's Office is $1,931,170. An appraisal completed by an independent third -party appraiser in July 2021 values the property at $1,090,000. In May 2021, the executive director of Housing Works, David Brandt initially approached the County with interest in purchasing the 27th and Conners property. The acquisition of the 1.14- acres would provide for an approximate 30 to 40 additional affordable housing units as well as clinical space on the ground floor for Mosaic Medical for those vulnerable populations needing quick access to services. At a recent executive session, a sale/purchase price of $1,000,000 was presented for Board consideration. The agreed upon amount of $1,000,000 will be funded by $900,000 from the City of Bend's affordable housing fund and $100,000 from Housing Work's land purchase reserves. The following is an approximate development timeline provided by Housing Works: Executed Purchase and Sale Agreement between County and Housing Works: October 2021 Finalize transaction / Payment to County: December 2021 State of Oregon applications for financing opens: January 2022 State of Oregon funding awards: May 2022 Commence construction: January 2023 Construction completed / receive certificate of occupancy: February 2024 BUDGET IMPACTS: Property sale proceeds of $1,000,000. ATTENDANCE: Kristie Bollinger, Property Manager