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Resolutions: 934

Resolution Number

934 

Resolution Subject

Approving a Development Agreement between the City of University Place and Chambers Bay Professional Center, LLC to complete the Larson Lane project

Date Adopted

10/5/2020 

Repealed By

 

Amended By

 

Resolution

RESOLUTION NO. 934

 

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UNIVERSITY PLACE APPROVING A DEVELOPMENT AGREEMENT BETWEEN THE CITY OF UNIVERSITY PLACE AND CHAMBERS BAY PROFESSIONAL CENTER LLC TO COMPLETE THE LARSON LANE PROJECT

 

 

WHEREAS, in order to complete the Larson Lane project, the City needs to obtain a roadway easement from the Chambers Bay Professional Center property located at 3560 Bridgeport Way West (owned by Bridgeport Professional Center, LLC); and

WHEREAS, the needed roadway area is located along the drive isle of the Chambers Bay Professional Center back parking area, and therefore in order to construct the roadway, some of the parking in that area would need to be eliminated; and

WHEREAS, the City owns the two parcels immediately to the north of the Chambers Bay Professional Center, which are encumbered with non-exclusive parking and access easements benefiting the Center; and

WHEREAS, in these parcels, there is sufficient room to provide additional Center parking as well as provide for public access to both Larson Lane and the City’s development lot (Town Center Lot 11) to the north; and

WHEREAS, the City has negotiated a Development Agreement in which Chambers Bay Professional Center would convey the needed roadway, utility, and pedestrian easements to the City for the construction of Larson Lane.  In turn, the City would transfer a portion of the two adjacent City parcels to Chambers Bay Professional Center to accommodate additional parking, as well as construct the parking improvement on the conveyed property as depicted in the exhibit to the Development Agreement; and

WHEREAS, the values of the properties being transferred and work to be performed has been evaluated and determined to be of an equal aggregate value; and

WHEREAS, the proposed improvements will benefit the City by promoting and improving economic development;

            NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF UNIVERSITY PLACE AS FOLLOWS:

            Section 1.  City Manager Authorized to Execute Agreement.  The City Council hereby authorizes the City Manager to execute the Development Agreement with Chambers Bay Professional Center, LLC substantially in the form attached to this Resolution.

 

Section 2.   Completion of Transaction. The City Manager or designee is authorized to take and execute any additional measures or documents that may be necessary to complete this transaction and to implement the Development Agreement, which are consistent with the executed Development Agreement and the terms of this Resolution.

 

Section 3.    Legislative Findings.  To the extent that legislative findings are necessary, the recitals set forth above are hereby adopted as the City Council’s legislative findings in support of the transaction set forth in the Development Agreement. 

 

 

 

 

            Section 4.   Effective Date.  This resolution shall take effect immediately upon its adoption.

 

            ADOPTED BY THE CITY COUNCIL ON OCTOBER 5, 2020.

 

 

 

                                                                                                ________________________________

Caroline Belleci, Mayor

  

ATTEST:

 

 

____________________________

Emelita J. Genetia, City Clerk

 

APPROVED AS TO FORM:

 

 

____________________________

Matthew S. Kaser, City Attorney

 

Council Minutes

Regular Council Meeting Minutes-20201005-0905 

ResolutionID

Resolution:934-19020722-934 
Attachments
934-Attachment.pdf    
Content Type: Resolution
Created at 10/6/2020 9:35 AM  by Emelita Genetia 
Last modified at 10/20/2020 9:15 AM  by Emelita Genetia