In February 2014 the City of Yakima purchased the subject property (2312 West Nob Hill Boulevard), along with three other properties, from the Tiger Oil Corporation for the public purpose of environmental remediation, site clean-up and returning the properties to productive commercial use.  Following completion of necessary cleanup, the City’s intention has been to return the properties to the private sector for beneficial economic development.  The City has worked with the Washington State Department of Ecology to complete a significant cleanup on the 2312 West Nob Hill Blvd. site.  The property has not yet been determined subject to issuance of a “No Further Action” letter from the Department of Ecology, but has been deemed amenable to construction in accordance with the environmental covenants previously granted to the Department of Ecology by the City on December 11, 2015.

The subject property was previously determined by the City Council to be surplus to the uses and needs of the City of Yakima by Resolution R-2015-089 and is therefore subject to disposition.  By instrument received May 6, 2019, the City of Yakima has received from Heyden Properties LLC an “Agreement Of Purchase And Sale” (“Purchase and Sale Agreement”), whereby the buyer proposes to purchase the subject property for $325,000.  This amount is $135,000 less than the 2017 appraised value of the property, said appraisal being based upon an assumption that the property is clean and free of any environmental restrictions, which it is not. However, the buyer has also agreed to be responsible for any and all future well sampling and/or required remediation action on the property from the time of sale forward.  The City believes that under these terms the current offer represents a fair value for the property given its current environmental status.

The attached Resolution acknowledges the prior declaration of Council that the property is surplus to the uses and needs of the City of Yakima and may be disposed of and further approves the Agreement Of Purchase And Sale And Escrow Instructions.