ORDINANCE No: 176345

* Authorize agreement for acquisition of a 7,000 square foot parcel of property owned by Raymond R. and JoAnne Dunford located on the mainstem of Fanno Creek in the Fanno Creek Regional Target Area (Ordinance)

The City of Portland ordains:

Section 1. The Council finds:

1.  The Raymond R. and JoAnne Dunford have agreed to sell a .16 acre parcel (7,000 sq. ft.) of property situated in the Southeast one-quarter of Section 30, Township 1 South, Rage 1 Ease of the Willamette Meridian, in the City of Portland, Multnomah County, Oregon, being a portion of Lot 26 “Crestwood”, for a purchase price of $69,000 plus closing costs. In addition, the costs of the property appraisal and survey total $4,050, for a total up-front cost of $73,050.

2.  The property is commonly identified as a portion of Lot 26 “Crestwood” in the Southeast one-quarter of Section 30, T1SR1E WM, in the City of Portland, County of Multnomah, State of Oregon and more particularly described and shown on Exhibit A, attached to this Ordinance ("Property").

3.  Portland Parks and Recreation ("Parks") has reviewed the available information regarding the Property and determined that significant open space, wildlife habitat and passive recreation benefits will occur as a result of the City's acceptance and management of this property and that this is in the public interest and for the general benefit and use of the people of the City of Portland.

4.  There are adequate monies available to fund the acquisition of the Property. The acquisition will be funded revenue from Parks Systems Development Charges (SDC) or SDC bonded debt. The acquisition is part of the SDC-CIP, a council approved park land acquisition program.

5.  The Director of Parks estimates that the on-going maintenance cost of the Property will be $200 per year. This O & M cost is not already included in the Parks 2001-02 budget, but ongoing funding capacity is available within the five year O & M set aside in the General Fund Forecast.

NOW, THEREFORE, The Council directs that:

a.  The Commissioner of Public Utilities is authorized to execute all documents necessary to close the transaction once approved as to form by the City Attorney;

b.  The Commissioner of Public Utilities shall direct Parks to deposit $69,000 and closing costs into an escrow account established for the purpose of acquisition of the Property;

c.  The Director of Parks is directed to add the Property to the City's natural area park inventory and to manage the site according to the terms and conditions of the Local Share IGA; and,

d.  In accepting responsibility for this Property, the Council acknowledges the need to fund the ongoing maintenance costs estimated at $200 per year, and directs the Bureau of Financial Planning to add this amount to transfer this ongoing funding allocation from the General Fund O & M Set aside to the Parks target budget beginning in FY 2002-03.

Section 2. The Council declares that an emergency exists because the offer to sell this property is limited by time and delay would prevent the completion of the land acquisition, and because funds for purchase by the City are available now; therefore, this ordinance shall be in full force and effect after its passage by Council.

Passed by the Council, MAR 27 2002    GARY BLACKMER

Auditor of the City of Portland

By /S/ Susan Parsons

  Deputy

Commissioner Francesconi

Janet Wright

March 19, 2002

BACKING SHEET INFORMATION

AGENDA NO. 296-2002

ORDINANCE/RESOLUTION/COUNCIL DOCUMENT NO. 176345