HomeMy WebLinkAboutR-2024-180 Resolution authorizing execution of closing documents to complete the purchase of the property at 10 North 9th Street RESOLUTION NO. R-2024-180
A RESOLUTION authorizing execution of closing documents to complete the purchase of
the property at 10 North 9th Street.
WHEREAS, the parties entered into a Purchase and Sale Agreement for property that is
generally known as the Chamber building located at 10 North 9th Street, Yakima, and which is
fully described in the Purchase and Sale Agreement; and
WHEREAS, the Agreement included a Feasibility Period and required that the City obtain
and review a Phase 1 Environmental Assessment; and
WHEREAS, Phase 1 has been completed and the City has conducted additional
inspections of the property; and
WHEREAS, the City Council of the City of Yakima finds that it is in the best interest of the
City and its residents, to authorize the City Manager to sign the closing documents to complete
the purchase of the property at 10 North 9th Street; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA:
The City Manager is authorized to execute the closing documents associated with the
purchase of 10 North 9th Street, and any other document that is necessary to complete the
purchase of the property.
ADOPTED BY THE CITY COUNCIL this 1st day of October, 2024.
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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 9.A.
For Meeting of: October 1, 2024
ITEM TITLE: Resolution authorizing execution of closing documents to complete
the purchase of the property at 10 North 9th Street
SUBMITTED BY: Sara Watkins, City Attorney
SUMMARY EXPLANATION:
On June 18, 2024, the City Council approved a Purchase and Sale Agreement with the Greater Yakima
Chamber of Commerce to purchase property generally known as 10 North 9th Street in Yakima. The
Agreement required the City to obtain a Phase 1 Environmental Assessment. The City received and
reviewed the Phase 1 Environmental Assessment and conducted an inspection. To finalize the
purchase of the property, the City Council must authorize the City Manager to sign the closing
documents. Closing on the purchase can occur any time before October 31, 2024.
The original Agreement can be found here:
https://apps.yakimawa.gov/WebLink/DocView.aspx?id=921383&dbid=0&repo=CityOfYakima
ITEM BUDGETED: Yes
STRATEGIC PRIORITY 24-25: A Thriving Yakima
RECOMMENDATION: Adopt Resolution.
ATTACHMENTS:
Res-Chamber Execution of Closing Docs.docx
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