NOTICE OF PROPOSED SALE
OF REAL PROPERTY
OWNED BY THE FOREST GROVE
URBAN RENEWAL AGENCY
ORS 221.725
THIS IS TO GIVE NOTICE THAT THE FOREST GROVE URBAN RENEWAL AGENCY (AGENCY), IS CONSIDERING THE SALE OF AGENCY-OWNED REAL PROPERTY LOCATED AT 1811-1837 PACIFIC AVENUE & 2014-2022 A STREET, WASHINGTON COUNTY, FOREST GROVE, OREGON.
THE AGENCY BOARD WILL HOLD A PUBLIC HEARING ON MONDAY, FEBRUARY 22, 2016, AT 7:00 P.M. OR THEREAFTER, IN THE COMMUNITY AUDITORIUM, 1915 MAIN STREET, FOREST GROVE, OR, TO ALLOW INTERESTED RESIDENTS AN OPPORTUNITY TO PRESENT WRITTEN AND ORAL TESTIMONY ON THE PROPOSED SALE.
THE PROPERTY IS CURRENTLY VACANT AND IS APPROXIMATELY 107,926 SQUARE FEET OR 2.45 ACRES IN SIZE AND LOCATED IN THE FOREST GROVE URBAN RENEWAL AREA. THE RENEWAL AGENCY IS CONSIDERING THE SALE OF THE PROPERTY TO TOKOLA PROPERTIES, LLC 1700 NW CIVIC DRIVE, SUITE 220, GRESHAM, OREGON 97030, IN TWO PHASES. PHASE ONE IS APPROXIMATELY 66,590 SQUARE FEET OR 1.53 ACRES IN SIZE AND TOKOLA HAS PROPOSED REDEVELOPMENT OF THIS PORTION OF THE PROPERTY WITH A MIXED-USE DEVELOPMENT INCLUDING 78 APARTMENTS, 2,500 SQUARE FEET OF COMMERCIAL SPACE AND 94 OFF-STREET PARKING SPACES. PHASE TWO IS APPROXIMATELY 41,336 SQUARE FEET OR 0.92 ACRES. CITY STAFF BELIEVES THIS IS A GOOD-FAITH OFFER PROPOSAL.
THE AGENCY PROPOSES TO SELL ITS INTEREST IN THE PROPERTY BY STATUTORY BARGAIN AND SALE DEED.
AT THIS HEARING, THE AGENCY BOARD WILL BE READY TO HEAR FROM CITY RESIDENTS ON THE PROPRIETY OF THE PROPOSED SALE. STAFF WILL HAVE EVIDENCE OF THE VALUE OF THE PROPERTY AVAILABLE FOR EXAMINATION AT THE TIME OF THE HEARING.
ANY QUESTIONS CONCERNING THE HEARING OR THIS NOTICE SHOULD BE ADDRESSED TO THE FOREST GROVE URBAN RENEWAL AGENCY EXECUTIVE DIRECTOR, 1924 COUNCIL STREET, P. O. BOX 326, FOREST GROVE, OR 97116, OR CONTACTED BY TELEPHONE AT 503.992.3200, OR AT THE FOREST GROVE CITY HALL, WHICH IS LOCATED AT THE ADDRESS LISTED BELOW.
IN THE EVENT A RESIDENT WISHES TO MAKE WRITTEN COMMENTS AND WILL BE UNABLE TO ATTEND THE HEARING, THEY MAY MAIL THEIR COMMENTS IN ADVANCE OF THE HEARING (SO AS TO REACH THE CITY PRIOR TO THE START OF THE HEARING) TO:
FOREST GROVE URBAN RENEWAL AGENCY
EXECUTIVE DIRECTOR
1924 COUNCIL STREET
P. O. BOX 326
FOREST GROVE, OREGON 97116
503-992-3200
ANNA D. RUGGLES, CMC, CITY RECORDER
Publish 02/17/2016. FGNT7567