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Council hears options for 205 Madison property; appraisal and developer interest noted, further community conversations planned
Summary
City staff reviewed options for 205 Madison Street — keep for future use or declare surplus and solicit proposals — and cited a November 2022 appraisal valuing the one‑acre site at about $14,415,000; staff and council discussed developer interest, affordable‑housing proposals and the need for neighborhood outreach before any action.
City staff presented options on Feb. 10 for the 1‑acre property at 205 Madison Street, north of Calapooia Brewing, including keeping the land for city use or declaring it surplus and seeking developer proposals or donation for affordable housing.
"It's about an acre in size. It is zoned WF or waterfront," planner Matthew Rutgers said, and staff told the council the city acquired the site in February 2013 via settlement with Burlington Northern Santa Fe Railway.
The nut graf: Staff outlined procedural options if the council chooses to surplus the property — a surplus declaration (motion from the dais) would trigger the city’s surplus property policy and allow staff to solicit…
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