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2023-394-Order No. 2023-057 Recorded 12/27/2023Steve Dennison, County Clerk Commissioners' Journal 12/27/2023 10:24:49 AM Recorded in Deschutes County CJ2023-394 BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON An Order Designating the Deschutes County Property Manager, Kristie Bollinger as the Deschutes County Representative to Complete the Sale of Property Located at 16775 CW Reeves Lane, La Pine, Oregon 97739 and Known as Map and Tax Lot 221014DA00400 * * * ORDER NO. 2023-057 WHEREAS, the Board of County Commissioners of Deschutes County has authorized the sale of property located at 16775 CW Reeves Lane, La Pine, Oregon 97739 and known as Map and Tax Lot 221014DA00400 to Pudding River Properties LLC; and WHEREAS, Deschutes County received an offer from Tom and Karen Zitzelberger of Western Metrology Sales LLC/Pudding River Properties LLC (Buyer) to purchase (purchase and sale agreement or PSA) the 2.95-acre lot for $224,878.50 or $1.75 per square foot, subject to a 180-day due diligence period plus up to three 60-day extension periods from the date the PSA is executed; and WHEREAS, upon the execution of the PSA, Buyer will pay $12,000 Earnest Money and $6,000 per extension period that will be applied to the purchase price at closing; and WHEREAS, the transaction is estimated to close within on 10-days after the due diligence period or applicable extension or from when Buyer removes contingencies, at which time documents to close the transaction need to be signed on behalf of Deschutes County as the seller; now, THEREOFRE, THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, HEREBY ORDERS as follows: Section 1. The Deschutes County Property Manager, Kristie Bollinger is designated as the Deschutes County representative for the purpose of executing the necessary documents to complete the sale of property located at 16775 CW Reeves Lane, La Pine, Oregon 97739 and known and Map and Tax Lot 221014DA00400. SIGNATURES ON FOLLOWING PAGE PAGE 1 OF 2- ORDER NO. 2023-057 Dated this of ATTEST: , 2023 BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON \op \to,'); (&C Recording Secretary ANTHONY DEBONE, Chair PATTI ADAIR, Vice Chair PHIL CHANG, Comm'.;:"oner PAGE 2 OF 2- ORDER NO. 2023-057 2.95-acres Map and Tax Lot 221014DA00400 16775 CW Reeves Lane, La Pine BOARD OF COMMISSIONERS AGENDA REQUEST & STAFF REPORT MEETING DATE: December 20, 2023 SUBJECT: Approval of Board Order No. 2023-057 authorizing the sale of property located at 16775 CW Reeves Lane in La Pine to Pudding River Properties, and further authorizing the Deschutes County Property Manager to execute the documents associated with the sale RECOMMENDED MOTION: Move approval of Board Signature of Order No. 2023-057 authorizing the sale of property located at 16775 CW Reeves Lane, La Pine, known as Map and Tax Lot 221014DA00400, to Pudding River Properties LLC, and further authorizing the Deschutes County Property Manager to execute the documents associated with the sale BACKGROUND AND POLICY IMPLICATIONS: Deschutes County owns property in the Finley Butte Industrial Park Phase 1 plat located at 16775 CW Reeves Lane, La Pine, known as Map and Tax Lot 221014DA00400. The +/- 2.95 acre lot has a Real Market Value (RMV) of $334,100 as determined by the Deschutes County Assessor's Office. Tom and Karen Zitzelberger are owners of Western Metrology Sales LLC in Wilsonville, Oregon, which specializes in manufacturing, inspection, and equipment sales. The Zitzelberger's submitted an offer to purchase said property and relocate their business to La Pine. Their intent is to initially construct a 10,000 square foot building at a rough cost of $2,000,000 and anticipate adding an additional 20,000 square feet in 5-10 years. Current work force includes 7 employees, and the Zitzelberger's anticipate adding roughly 18 new positions in the next 10 years. It's anticipated construction will start late 2024 with completion late 2025, and their business relocating and operational by December 2025. Highlights of the offer includes, 1. $224,878.50 sales price, or $76,230/acre at $1.75 per square foot 2. $12,000 refundable earnest money -becomes nonrefundable after buyer removes contingencies 3. 180-day (calendar) due diligence period a. Buyer has up to three 60-day extensions at a cost of $6,000/extension, which are nonrefundable, but applied to purchase price 4. Closing to occur within 10-days (calendar) after buyer removes contingencies In 2019, the County and City of La Pine entered into an intergovernmental agreement that provides the City full power and authority to market, promote and negotiate sales of 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 includes a 50/50 split of gross proceeds from sales. The City of La Pine and Sunriver La Pine Economic Development (SLED) support this transaction including the sales price. BUDGET IMPACTS: $224,878.50 gross proceeds will be allocated between the County and the City per the terms of the Intergovernmental Agreement. ATTENDANCE: Kristie Bollinger, Property Manager