Requested Agenda Date:
8/20/2024
Requested Agenda Title:
Title
Consideration of a Resolution of the Salt Lake County Council to Authorize the Purchase of Real Property at the Price of $850,000 in West Valley City from the Granger-Hunter Improvement District to be Used as Open Space.
Body
Requested Agenda Item Description: Granger-Hunter Improvement District is the owner of certain real property located at approximately 1302 West 3100 South, West Vally City, Utah (Salt Lake County Land Parcel No. 15-26-151-003), consisting of approximately 3.69 acres and as more specifically described in the Real Estate Purchase and Sale Agreement, attached hereto as Exhibit A; and the Open Space Committee recommended that Salt Lake County purchase the Property to be used as open space; and GHID’s governing Board of Trustees after due consideration and review has, by resolution, deemed the Property to be surplus to the needs of GHID for its purposes, and has agreed to make the Property available for sale to County at the fair market value as agreed to by the parties; and GHID has agreed to sell, convey and assign the Property to County, and County has agreed to buy and accept the Property from GHID, for the Purchase Price of Eight Hundred Fifty Thousand Dollars ($850,000.00) (“Purchase Price”), subject to Council’s approval; County and GHID have negotiated a Real Estate Purchase and Sale Agreement for the purchase of the Property, for the Purchase Price, subject to Council’s approval.
Requested Action: Discussion - Vote Needed
Presenter(s) (with titles): Derrick Sorensen, Real Estate Manager
Time Needed: 5 MINS
Is this Item Time-Sensitive and/or Requesting a Time-Certain? No
Requesting Staff Member: Lisa O’Bryan, Real Estate Specialist
Are Supporting Documents Needed for this Agenda Item Request? Yes