Anacortes approves property agreement with Port for Market Street redevelopment

The City of Anacortes City Council convened on June 2, 2025, to discuss several key agenda items, with a significant focus on the intergovernmental disposition of property and property use agreement with the Port of Anacortes. This discussion included potential actions and was marked by detailed presentations and clarifications regarding the terms of the agreement.

The meeting began with an overview of the agreement, which outlines various components including a boundary line adjustment, right-of-way dedication, amendments to existing easements, and the transfer of the Triangle property. The agreement is set to remain in effect until all anticipated transactions are completed.

Key elements of the agreement include:

1. **Boundary Line Adjustment**: The port submitted a proposal for a boundary line adjustment, which is currently under review by city staff.

2. **Right-of-Way Dedication**: Following the approval of the boundary line adjustment, the port plans to dedicate a right-of-way as part of the compensation for a previously granted vacation ordinance.

3. **Market Street Easement Amendment**: The existing easement for Market Street, which currently lies on port-owned property, will be amended to accommodate the street's relocation to city-owned property. The port will compensate the city with a mitigation payment of $20,190 for this adjustment.

4. **Triangle Property Transfer**: The city will sell the Triangle property to the port for $15,246, a price deemed reasonable following an appraisal.

During the discussion, council members raised questions regarding the implications of losing park property for street purposes. Concerns were expressed about the need for adequate mitigation to offset the loss of green space. However, it was noted that the port's development plan includes enhancements to public spaces, including a plaza that will serve park-like functions.

The council ultimately moved to authorize Mayor Miller to execute the agreement with the Port of Anacortes, reflecting a collaborative effort between city and port staff to navigate the complexities of the transaction. The meeting concluded with acknowledgments of the significant work that has gone into this agreement since discussions began in 2017, marking a milestone in the ongoing partnership between the city and the port.