Former Fire Station #3 Staff Parameters

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Fire Station#3 Staff Parameters The City solicited proposals for the sale of Fire Station 3 in December, encouraging a planned use that would add value to the neighborhood and community. There were eight proposals submitted ranging in uses and offer price. An evaluation committee reviewed and ranked these based on the combination of these factors. The City would like to retain some control over the future of the historic public safety building. The proposed use that can preserve the buildings current condition through compatible use is the cornhole business. This business plan presented was the most compatible with adjoining residential neighborhood and requires the fewest building modifications,while still generating sales,utility,and real estate taxes and new jobs. This proposal was for$100,100.00 In order to facilitate this property transaction staff proposes the following for City Council approval at a future date. • The City will sell the property using a contract for deed. • A contract for deed transfers the legal responsibility to the buyer for such things as utilities,taxes,insurance, etc.,keeping the City from having to continue these types of expenses. • We propose$10,100 down on contract, and 48 equal installments of$1875 per month. • Buyer could pay off contract and assume title no sooner than 24 months, should they pay it off early. • City would retain a right of first refusal on the property for fair market value for 35 additional years. • Should the business default on the contract the City retains ownership. The property is currently zoned residential. The property has commercial zoning on 2 sides of it and residential adjoining. Almost any proposed commercial use would require some type of zoning relief. In order to allow for the commercial activities proposed in the cornhole business plan, staff proposes rezoning this building under a Planned Development PD zone. This essentially allows for a specific use as requested only. The City would not be rezoning this to a B-1 (lowest commercial zone)for example which allows for a dozen categories of uses,rather zoning entitlements would be presented and approved as a planned package. A PD zoning also allows the City to put any reasonable restrictions necessary to minimize impacts of commercial activities not compatible with adjoining properties and the entrance to Fairview Park. The City also by virtue always retains the authority to review and permit any modifications to the building necessary. This proposed use will continue to bring life to this building,while not changing it completely from decades gone by. With direction from Council staff will prepare a sale contract as directed and begin some type of zoning action,again as directed by City Council. Both of these two actions will require City Council approval and could come before Council for consideration in March or April.