Laserfiche WebLink
REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />AUGUST 18, 2020 <br />TITLE: <br />APPROVE PURCHASE AND SALE <br />AGREEMENT IN THE AMOUNT OF <br />$500,000 WITH CARIBOU INDUSTRIES <br />FOR THE SALE OF CITY -OWNED REAL <br />PROPERTY LOCATED AT 203-205 W. <br />CIVIC CENTER DRIVE <br />/s/Kristine <br />CITY MANAGER <br />CLERK OF COUNCIL USE ONLY: <br />F-MEJEJ-062wo, <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 111 Reading <br />❑ Ordinance on 2ntl Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />111111111111►1I1TA1:3gC7 <br />RECOMMENDED ACTION <br />1. Authorize the City Manager to execute a Purchase and Sale Agreement with Caribou <br />Industries for the sale of City -owned property at 203-205 W. Civic Center Drive, in the <br />amount of $500,000, subject to non -substantive changes approved by the City Manager and <br />City Attorney. <br />2. Authorize the City Manager to execute any and all agreements necessary to convey the <br />triangle driveway area south of the YMCA. <br />The City owns real property located at 203-205 W. Civic Center Drive, commonly known as the <br />YMCA. The YMCA, built in 1923, is currently on the National Register of Historic Places and was <br />purchased by the City in 1992. The building has been vacant since 1989 and has been in serious <br />disrepair due to age and vandalism. Recent efforts have been taken to remediate several <br />outstanding issues such as asbestos clean-up, fencing and securing the property, and the <br />placement of security cameras at the site. <br />Over the years, the City has made several attempts to market/solicit proposals for the site, but the <br />attempts have been unsuccessful. To bring the building up to current City codes, an anticipated <br />investment of up to $5 million dollars for seismic retrofit, fire suppression, electrical/plumbing to <br />current code, and other structural improvements would be required. <br />In February 2018, the City released a Request for Qualifications and Development Concepts for <br />the renovation and reuse of the former YMCA Building. Four proposals were received in April 2018 <br />for this solicitation. Caribou Industries proposal to redevelop the YMCA into a boutique hotel was <br />selected for the project. <br />25A-1 <br />