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  Item No. 4.       
Regular City Council Meeting
Meeting Date: 09/14/2017  
COMMITTEE:    Finance  
CONTACT:    Monica Garcia CHAIR:    Caleb Grant

ACTION REQUESTED:
Proposed Ordinance 17-20 - Consider holding a public hearing and vote on Proposed Ordinance 17-20 to sell the Fisk Building located at 327 N. Main Street to Mason Holdings LLC. (Grant/Morris)
BACKGROUND:
The City issued RFP 18-001 soliciting proposals for the purchase of the Fisk Building.  Following an evaluation of the single bid submitted by Mason Holdings LLC for consistency with the requirement of RFP 18-001, the City determined that that the bid was in conformance with those criteria.  As such, Ordinance 17-20 authorizes the sale of the Fisk Building to Mason Holdings LLC.
FINANCIAL CONSIDERATION
Aside from the purchase price, the City will save significantly on maintenance and utilities.
LEGAL REVIEW:
City Attorney has reviewed Proposed Ordinance 17-20.
BOARD AND COMMITTEE ACTION:
The Finance Committee recommended (4-0) approval of Proposed Ordinance 17-20 at their August 3, 2017, meeting.  City Council approved (8-2), to advertise and hold a public hearing on Proposed Ordinance 17-20 at their August 10, 2017, Regular City Council meeting.
STAFF RECOMMENDATION:
Consider holding a public hearing and vote on Proposed Ordinance 17-20 to sell the Fisk Building located at 327 N. Main Street to Mason Holdings LLC.
Attachments
ATT 1 Proposed Ordinance 17-20
ATT 2 Proposed Ordinance 17-20 Cost justification

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