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Council approves purchase of former utility parcel at Mullen Road for affordable housing development
Summary
The council voted to acquire a roughly five-acre LOTT Clean Water Alliance parcel at 5025 Mullen Road for $450,000, conditioned on affordable-housing use; staff said the site is developable and will be offered to an affordable-housing partner.
The City Council on June 3 voted unanimously to authorize the city manager to acquire a roughly five-acre parcel at 5025 Mullen Road Southeast from LOTT Clean Water Alliance for $450,000 plus half of escrow and closing fees, provided the site be used for affordable housing consistent with state law and recently adopted local code.
Community Development staff presented a due-diligence summary: an appraisal returned a $700,000 market value; LOTT agreed to sell at $450,000—their purchase price—if the city used the property for…
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