Body
City Manager's Office
Reference: A Resolution approving the Purchase and Sale Agreement for the purchase of 269 E. Bridge Street Property commonly known as The Depot
To: Mayor Kenneth J. Kreutzer and Members of City Council
Through: Philip Rodriguez, City Manager
Marv Falconburg, Assistant City Manager
Prepared By: Ryan Johnson, Executive Director of Urban Renewal
Date Prepared: March 5, 2018
PURPOSE
A Resolution of the City Council approving the Purchase and Sale Agreement (PSA) between the City and G & L Property, LLC, for the Purchase and Sale of certain commercial property and Improvements located at 269 E. Bridge Street, in Brighton, and authorizing and directing the City Manager to execute the PSA.
BACKGROUND
Dating back to the early 1980's the City has recognized the significance of the historic train depot building and sought to preserve it from eventual disrepair and demolition. Initially, this entailed relocating the train depot from its original location (on the west side of the railroad tracks) to its current location. This also involved placing certain covenants on the use of the property such that it may always be an active site for families in the community. For decades, the site housed several restaurants until a change in use was granted by the City Council in 2012.
The City Council in 2012 added certain conditions upon the granting of the change of use and approval of Resolution No. 2012-106. One such condition was that the seller would enter into an agreement with the City for a First Right of Refusal in the event the owner desired to sell the property. As such, the current property owner is desirous to sell the abovementioned property and has approached the City regarding an opportunity to acquire this building along with the existing improvements.
City Staff have been working with an interested user who has indicated an intent to occupy the space for the possible purposes of creating a community innovation and welcome center. T...
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