Title
Incorporated County Of Los Alamos Ordinance No.682; an Ordinance authorizing the sale of certain County-owned real property within Tract MM to Los Alamos RE, LLC.
Recommended Action
I move that Council adopt Incorporated County Of Los Alamos Ordinance No. 682; an ordinance authorizing the sale of certain county-owned real property within Tract MM to Los Alamos RE, LLC and ask staff to assure it is published as provided in the County Charter.
County Manager's Recommendation
The County Manager recommends adoption of this Ordinance as presented.
Body
This Ordinance authorizes the sale of County-owned property identified as a portion of the Fire Station 6 parcel whose physical address is 457 East Road, Los Alamos, NM. The proposed parcel sites just west of Los Alamos County Fire Station 6, east of 195 East Road (the TRK Building) and south of the Los Alamos Animal Shelter.
The result of this lot split will result in a standalone parcel that is 32,212 sqft and will carry a deed restriction on its use for parking only. The portion of the parcel is currently owned by Los Alamos County, which is zoned PL- Public Land. The buyer will be petitioning Planning and Zoning for a zoning change to C-1, which will match the zoning of the eastern adjacent parcel of 195 East Road.
The benefit to Los Alamos County is that the additional sqft of land will enable the new owner of 195 East Road to be able to fully lease the property at 195 East Road with the ability to provide adequate parking. The current parking situation for 195 East Road is the property is significantly under parked by 25-35 spaces (depending upon occupancy use) and the parking on the west side of 195 East Road is currently on land that is lease from East Park Pool.
The Purchase and Sale Agreement outlines the details of the sale and deed restrictions as well as a commitment from Los Alamos RE to landscape the Right of Way at the time that they complete the parking lot development.
Council is authorized to sell county-owned real property and interests in real property through Chapter 14 of the Los Alamos County, New Mexico - Code of Ordinances. An appraisal dated January 3, 2018 estimated the market value of parcel consisting of 32,000 Square Feet with a deed restriction of parking only at $170,000 ($5.31 per sqft). The County will be selling a slightly larger parcel consisting of 32,212 sqft, therefore the final purchase price will be $171,045.00.
The key terms are:
Buyer agrees that the Property will be developed as parking only, to serve the adjacent property of 195 East Road.
Buyer agrees to landscape the Right of Way for the East Road (NM 502) frontage, provided that such landscaping shall include trees (minimum of 4) and shrubs (minimum of 6) to be completed at the time of construction of the parking lot.
Buyer agrees that the deed shall carry a restriction that limits the use of the Property to “parking only” in perpetuity.
Fiscal and Staff Impact/Planned Item
There should be minimal staff impact as a result of the sale of this parcel.
Alternatives
Council could choose to not adopt the Ordinance and the sale and development would not proceed, or Council could direct staff to amend the proposed ordinance and related agreement.
Attachments
A - Notice of Publication
B - Ordinance No.682