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Home My WebLink AboutR-2009-067 Sale of Property at 201 South 8th StreetRESOLUTION NO. R 2009-67 A RESOLUTION accepting a proposal from the highest bid received for sale and rehabilitation of the existing structure at 201 South 8th Street. WHEREAS, the property located at 201 South 8th Street was purchased in February of 2005 using federal HOME funds provided by the U.S. Department of Housing and Urban Development (HUD); and WHEREAS, the matters of cost affordability, federal regulations involved and time constraints in using City of Yakima HOME funds to rehabilitate this structure have been carefully considered; and WHEREAS, the City has received a proposal for "Demolition of the existing building and the construction of a new home, to be sold to a qualified, low to moderate income, first time homebuyer" by OIC of Washington ; and WHEREAS, the City has also received a proposal from a private party stating that the bidder plans to reconstruct .the existing building at a cost of between. $50,000 and $60,000; and WHEREAS, federal HOME regulations require that an affordable home for a low to moderate income family be completed by December 31, 2009, or the City must make repayment, from a non-federal source, to HUD of the HOME funds invested in the property, an amount currently estimated at $78,000; now, therefore BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: The City Council accepts the proposal for the highest bid received for sale and rehabilitation of the existing structure located at 201 South 8th Street. ADOPTED BY THE CITY COUNCIL this 5th day of May09 David Ed er, Mayor Return Address City of Yakima/ONDS 112 S 8`h St. Yakima, WA 98901 RESIDENTIAL PROPERTY - REAL ESTATE CONTRACT AMENDMENT Grantor/Seller: The City of Yakima Grantee/Purchaser: Albino Perez Legal Description: Lot 9, Block 173, NACHES ADDITION TO NORTH YAKIMA, now Yakima, Washington as recorded in Volume "A" of Plats, at Page 83. Parcel No.: DATE: 191319-13568 June 1, 2010 tC• ao 10 1. FIRST AMENDMENT TO REAL ESTATE CONTRACT: The Parties hereto agree to amend the original Real Estate Contract entered on June 2, 2009 between the City of Yakima and Albino Perez to provide an additional six (6) months time within which Purchaser shall pay to the City of Yakima the balance of One Thousand and 00/100 Dollars ($1,000 00), with interest accruing at Zero Percent (0%) per annum, on the Purchase Price agreed upon in the underlying Real Estate Contract for the property identified herein. The final payment shall be paid in full by no later than 4:00 p.m. on December 1, 2010. The Parties hereto further agree to amend the original Real Estate Contract entered on June 2, 2009 between the City of Yakima and Albino Perez to provide an additional six (6) months time within which Purchaser shall finish the project to completion and obtain the "Certificate of Occupancy" for the residential property identified herein. The project shall be complete and Purchaser shall have obtained a Certificate of Occupancy for the residence by no later than 4.00 p m. on December 1, 2010. 2. ALL OTHER CONDITIONS TO REMAIN UNCHANGED: 1 Aside from the specific amendments set forth in paragraph 1, above, each and every remaining term and condition of the underlying Real Estate Contract executed by the Parties on June2, 2009 regarding the property identified herein shall be the same as originally agreed upon and shall remain in full force and effect. THE CITY OF YAKIMA R.A ais, AN, City Manager ATTEST: City of Yakima 129 North Second Street Yakima, WA 98901 CITY CON?RAC f NO �`1.LLL1.1L RESOLUTION N0: Debbie <1 T4, City Cler STATE OF WASHINGTON County of Yakima On this / day of , 2010, before me the undersigned, a notary public in and for the State of ashineton duly commissioned and sworn, personally appeared R.A. Zais, Jr. and Debbie - iii; to me known to be the Manager of the City of Yakima, and the City Clerk, respectively, and that they executed the within and foregoing instrument, and acknowledged the said instrument to be the free and voluntary act and deed of said municipal corporation, for the uses and purposes therein mentioned and on oath stated that they were authorized to execute said instrument and that the seal affixed is the corporate seal of said corporation. Witness my hand and official seal affixed the date and year in this certification above written. TED: Zi/vvm M- wn7-A//V Notary Public in and for the State of Washington, residing at `.}k a)rl My commission expires: 20 J y 2 PURCHASER: /1/441(2 Albino Perez Address: 215 S. 7th Street Yakima, Washington 98901 STATE OF WASHINGTON :SS. County of Yakima I certify that I know or have satisfactory evidence that Albino Perez personally appeared before me and signed this instrument and acknowledged it to be his free and voluntary act for the uses and purposes mentioned in the instrument. DATED this Li day of U• , 0 ', fo .° i ,., , 2010. P�II�'TED: .bo 3- LiNx s Notary Public in and for the State if Washington My commission expires: o f /Fs— Residing /sResiding at: 3 Sale of property at 201 South 8th Street By the Office of Neighborhood Development Services (ONDS) City of Yakima, Yakima Washington April 27, 2009 The Office of Neighborhood Development Services is accepting offers to purchase and restore the single family residential property at 201 South 8th Street. Please follow the conditions below in submitting a proposal. Proposals must be received at the offices of ONDS, 112 South 8th Street, by 4:00 pm Monday, May 4, 2009 to be considered. Conditions: 1. The existing house must be repaired/restored to a single family home within one year. 2. A walk through of the building is required to submit a proposal. Please contact Archie Matthews at 575- 6101 to schedule your visit. 3. Sale price: best cash offer. 4. Deadline for written offers is 4:00 pm Monday May 4, 2009. 5. Sale of property is "as is" 6. Include in your written offer: a. Brief summary of your construction/development experience b. Date you walked through the house c. Proposed timeline for repairing/restoring the house d. Your cash offer e. Name, address, phone number BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No. 7 For Meeting of May 5, 2009 ITEM TITLE: A resolution approving the sale of property at 201 South 8th Street to: A. OIC of Washington to demolish the existing structure located at 201 South 8th Street and build a new home to be sold to a low to moderate income, first time homebuyer; or B. The highest bidder proposing to rehabilitate the existing structure located at 201 South 8th Street. SUBMITTED BY: William R. Cook, Director of Community and Economic Development CONTACT PERSON/TELEPHONE: Michael Morales, Community and Economic Development Deputy Director (575-3533) SUMMARY EXPLANATION: The property located at 201 South 8th Street was purchased in February of 2005 and has been discussed at length by the City of Yakima Neighborhood Development Committee multiple times. After considerable analysis of ,the cost affordability, federal regulations involved, and time constraints in using City of Yakima HOME funds to rehabilitate this structure, Neighborhood Development Services (ONDS) was instructed by the Council Neighborhood Development Committee to advertise a "Request for Proposal" (RFP) to address the property. The RFP was advertised in Seattle, Spokane, Portland and Yakima. Upon receiving three proposals, the Neighborhood Development Committee recommended forwarding the 010 proposal to the. full City Council for review. The OIC proposal includes a condition that the City demolish the existing structure and make the cleared lot available for construction by June 1, 2009. A newly constructed three bedroom home is proposed to cost approximately $150,000 and would be financed through the City of Yakima Neighborhood Development Services using HOME program funding and sold to a first time homebuyer. Continued on Page 2 Resolution X Ordinance Other (Specify) Agreement Mail to (name and address): Funding Source HOME Funds APPROVED FOR SUBMITTAL: City Manager STAFF RECOMMENDATION: Approve Agreement with OIC BOARD/COMMISSION/COMMITTEE RECOMMENDATION: The Council Neighborhood Development Committee originally recommended that the 010 proposal be forwarded to the full Council for approval. COUNCIL ACTION: