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Vincent Road land deal nearly done
By JESSICA HOCH
The city has struck a deal with Bainbridge Disposal Inc. to sell a portion of the city-owned Vincent Road Landfill property to add cash to the emergency reserves.
This is the first sale of eight land parcels put on the chopping block when the city decided to sell surplus land in July 2009.
Interim City Manager Brenda Bauer has signed the $370,000 purchase agreement, which will become final after Bainbridge Disposal reviews the proposed deal.
“We have the purchase agreement signed and now it’s just a matter of finishing the closing documents,” said Christine Brown, a paralegal for the executive department.
The parcel is approximately six acres and is carved out of the 40.03 acres of the city-owned Vincent Road Landfill parcel.
Initially the city wanted to sell an eight-acre portion appraised at $490,000, but the two parties eventually agreed to the six-acre deal after extensive negotiations.
Bainbridge Disposal, which is a private solid waste and recycle company, has been operating on the site for many years through a use agreement with the city. The most recent agreement expired on March 18, 2010 and led Bainbridge Disposal to purchase the land instead of renewing an agreement.
The city said it is still working to get the other seven surplus properties ready for sale.
The other properties include parcels of Manitou Beach, Miller Road, Myer’s Pit, Old Decant Facility in the Head of the Bay area, Sakai/Virginia Villa, the Suzuki property and the Weaver Avenue Well site.
“We are working diligently to get through all the other projects, but there is a lot of complexity in dealing with easements and neighbors so we are working to find solutions,” said Bauer.
The decision to sell the properties came after the city completed its first property inventory in July 2009. The inventory listed 97 parcels, totaling 372 acres of city or co-owned properties. Of the 97 parcels, 22 were recommended to be transfered to the parks district and eight were designated as surplus and recommended to be sold.
The original goal was to sell property and restore the depleted city reserves and general fund before the end of 2009. No timeline exists for the other seven.