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Committee forwards Hailstone Trust riverfront parcel purchase to City Council; county grants to cover cost
Summary
The Community Development Committee reviewed a resolution authorizing the mayor to offer $360,000 to purchase a riverfront parcel owned by Hailstone Revocable Trust at 7802 Railroad Avenue SE, with staff saying King County Conservation Futures and Flood Control grants would cover acquisition and relocation costs.
The Community Development Committee reviewed Agenda Bill 25051 on April 7, a resolution that would authorize the mayor to send an offer letter and sign a purchase and sale agreement to acquire a riverfront parcel owned by Hailstone Revocable Trust at 7802 Railroad Avenue SE.
Interim Community Development Director Mona Davis told the committee the parcel had been appraised at $360,000 in fair market value. Davis said the city is assembling riverfront parcels to construct a formal nonmotorized trail that follows the edge of the Snoqualmie River through the historic downtown business district and that King County…
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