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HomeMy WebLinkAboutResolutions - 2024.09.19 - 41932 AGENDA ITEM: Purchase Agreement for the Sale of 9.53 Acres of Vacant Land on Dixie Highway in Independence Township DEPARTMENT: Facilities Management MEETING: Board of Commissioners DATE: Thursday, September 19, 2024 9:30 AM - Click to View Agenda ITEM SUMMARY SHEET COMMITTEE REPORT TO BOARD Resolution #2024-4471 _ 24-71 Motion to adopt the attached suggested resolution. ITEM CATEGORY SPONSORED BY Real Estate Yolanda Smith Charles INTRODUCTION AND BACKGROUND The County owns two parcels on Dixie Highway in Independence Township (marked parcels “B” and “D” on the survey), which total 9.53 acres of land (“Property”). The Property is zoned C-4 (freeway service district) and was purchased February 8, 2007, in anticipation of building a new district courthouse (52-2 District) on the Property. Last Year a feasibility study was completed to address space needs for the 52-2 District Courthouse. This study concluded that the Property is not ideal on which to build a district courthouse due to site access, property lines, and land contours. The Property was listed on the market in October 2023 by Colliers International - Detroit Office. A purchase agreement has been negotiated and staff recommends the offer be accepted. POLICY ANALYSIS This is a request to accept an offer made on vacant land owned by Oakland County and execute a purchase agreement. The sale price of the property is $1.1M which is lower than the listing price in 2023 which was estimated at that time to be between $1.8M and $1.9M. The Department advises that the price was reduced to $1.65M in May of this year after there were no offers or interest in the property. Oakland County is responsible for paying the 4% brokerage fee. The vacant land site was purchased on February 8, 2007 for $2,383,069 according to the closing statement. The price per square foot paid in 2007 is $5.74. As noted in July 2023 when the committee authorized negotiations for the sale of the property, all proceeds from the sale of the property will be allocated to the Clarkston District Court to go towards a needed expansion. BUDGET AMENDMENT REQUIRED: No Committee members can contact Barbara Winter, Policy and Fiscal Analysis Supervisor at 248.821.3065 or winterb@oakgov.com or the department contact persons listed for additional information. CONTACT Paul Zachos, Property Management Specialist ITEM REVIEW TRACKING Aaron Snover, Board of Commissioners Created/Initiated - 9/19/2024 David Woodward, Board of Commissioners Approved - 9/19/2024 Walt Herzig, Executive's Office Approved - 9/20/2024 Lisa Brown, Clerk/Register of Deeds Final Approval - 9/23/2024 AGENDA DEADLINE: 09/19/2024 9:30 AM ATTACHMENTS 1. Dixie Hwy PA 8.20.24 2. 9.53 Acres Vacant Land Dixie Hwy Independence Twp 3. Vacant Dixie Hwy - Clarkston - Map 4. Authorization to Market and Negotiate the Sale - Dixie Highway Vacant Land- Final 6.27.23 COMMITTEE TRACKING 2024-09-11 Economic Development & Infrastructure - Recommend to Board 2024-09-19 Full Board - Adopt Motioned by: Commissioner Yolanda Smith Charles Seconded by: Commissioner Linnie Taylor Yes: David Woodward, Penny Luebs, Philip Weipert, Gwen Markham, Angela Powell, Marcia Gershenson, William Miller III, Yolanda Smith Charles, Charles Cavell, Brendan Johnson, Ann Erickson Gault, Linnie Taylor (12) No: Michael Spisz, Michael Gingell, Karen Joliat, Christine Long, Robert Hoffman (5) Abstain: None (0) Absent: Kristen Nelson (1) Passed September 19, 2024 RESOLUTION #2024-4471 _ 24-71 Sponsored By: Yolanda Smith Charles Facilities Management - Purchase Agreement for the Sale of 9.53 Acres of Vacant Land on Dixie Highway in Independence Township Chair and Members of the Board: WHEREAS at its July 12, 2023 meeting, the Economic Development and Infrastructure Committee authorized the sale of County-owned vacant land on Dixie Highway in Independence Township; and WHEREAS a cash purchase offer of one million one hundred thousand dollars ($1,100,000.00) with good terms and conditions was received and codified in the attached Purchase Agreement; and WHEREAS Oakland County Corporation Counsel drafted and reviewed the attached Purchase Agreement; and WHEREAS County Executive Administration and the Department of Facilities Management have reviewed the attached Purchase Agreement and recommend its approval by the Oakland County Board of Commissioners. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners approves the attached Purchase Agreement and directs its Chair to execute the attached Purchase Agreement and all other related documents between Oakland County and Red Barn Property #18, LLC, which may be required to effectuate the conveyance. BE IT FURTHER RESOLVED that the Oakland County Board of Commissioners authorizes the County Property Management Specialist to sign documents at closing. Chair, the following Commissioners are sponsoring the foregoing Resolution: Yolanda Smith Charles. Date: September 19, 2024 David Woodward, Commissioner Date: September 20, 2024 Walt Herzig, Chief Deputy County Executive Date: September 23, 2024 Lisa Brown, County Clerk / Register of Deeds COMMITTEE TRACKING 2024-09-11 Economic Development & Infrastructure - Recommend to Board 2024-09-19 Full Board - Adopt Motioned by Commissioner Yolanda Smith Charles seconded by Commissioner Linnie Taylor to adopt the attached Real Estate: Purchase Agreement for the Sale of 9.53 Acres of Vacant Land on Dixie Highway in Independence Township. Yes: David Woodward, Penny Luebs, Philip Weipert, Gwen Markham, Angela Powell, Marcia Gershenson, William Miller III, Yolanda Smith Charles, Charles Cavell, Brendan Johnson, Ann Erickson Gault, Linnie Taylor (12) No: Michael Spisz, Michael Gingell, Karen Joliat, Christine Long, Robert Hoffman (5) Abstain: None (0) Absent: Kristen Nelson (1) Passed ATTACHMENTS 1. Dixie Hwy PA 8.20.24 2. 9.53 Acres Vacant Land Dixie Hwy Independence Twp 3. Vacant Dixie Hwy - Clarkston - Map 4. Authorization to Market and Negotiate the Sale - Dixie Highway Vacant Land- Final 6.27.23 STATE OF MICHIGAN) COUNTY OF OAKLAND) I, Lisa Brown, Clerk of the County of Oakland, do hereby certify that the foregoing resolution is a true and accurate copy of a resolution adopted by the Oakland County Board of Commissioners on September 19, 2024, with the original record thereof now remaining in my office. In Testimony Whereof, I have hereunto set my hand and affixed the seal of the Circuit Court at Pontiac, Michigan on Thursday, September 19, 2024. Lisa Brown, Oakland County Clerk / Register of Deeds LOCATION MAP Property Address: City:State:Zip:48346MIClarkston Vacant Dixie Highway AERIAL MAP Property Address: City:State:Zip:48346MIClarkston Vacant Dixie Highway OAKLAND COUNTY EXECUTIVE DEPARTMENT OF FACILITIES MANAGEMENT Authorization to Market and Sell Vacant Land on Dixie Highway, Independence Township July 12, 2023 Background: The County owns two parcels on Dixie Highway in Independence Township (marked parcels “B” and “D” on the attached survey), which total 9.53 acres of land (“Property”). The Property is zoned C-4 (freeway service district) and was purchased February 8, 2007, in anticipation of building a new district courthouse (52-2 District) on the Property. Last Year a feasibility study was completed to address space needs for the 52-2 District Courthouse. This study concluded that the Property is not ideal on which to build a district courthouse due to site access, property lines, and land contours. The Property is currently zoned C-4 that will allow a variety of uses including office, service stations, restaurants and retail. Accordingly, Facilities Management recommends to market and sell the Property and negotiate a purchase agreement. Authorization is needed from the Economic Development and Infrastructure Committee to market and negotiate the sale of the Property. The Property will be marketed by Colliers International, who are the qualified and approved commercial property brokerage vendor for the County. The marketing and sales process is expected to take 12-18 months. Benefits of the Sale: The County will obtain the highest price in the current market, which is based on the limited supply of available large commercial parcels in the Clarkston market. The sale would allow the Property to be developed, removed from tax exempt status, and added to the property tax roll. Recommendation: Facilities Management requests authorization to market and sell the Property through a private commercial broker and to negotiate a purchase agreement. Only Committee authorization is needed at this time. Once a purchase agreement is negotiated, it will be brought to the Board for approval.