Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Land Disposition topic
No spam. Unsubscribe anytime.
County nearing sale of roughly 8.9 acres at Tenant Way landfill to Port of Longview for rail expansion, staff says
Summary
Public Works reported the Port of Longview is purchasing a county parcel at the Tenant Way landfill to construct additional rail lines. County staff said the sale price is about $2.5 million and proceeds go to landfill closure funds; final escrow and closing are expected within a month or two.
Public Works staff told the board that the Port of Longview is moving forward with a purchase-and-sale agreement for about 8.9 acres at the Tenant Way landfill to enable rail expansion and storage capacity.
“It's mainly for storage capacity for them, and then they'll go across the river and then be able to queue up and into the storage unit or the the lines there and and get back into the main rail system,” staff said, describing the project’s purpose. Public Works said attorneys on both sides have the paperwork and that escrow and closing are anticipated in the next month or two as the port secures other property owners' agreements along the planned rail alignment.
Staff reported the county's appraisal returned a value in the neighborhood of $2,500,000 and that a third-party review of the appraisal agreed with the valuation. County staff said proceeds will be placed into the Tenant Way landfill closure fund and are legally restricted until closure obligations are met; staff said the closure period for the landfill extends for many years (staff estimated roughly 25 years remaining for closure obligations).
The sale also includes relocation work paid by the Port of Longview: the county must relocate several environmental monitoring wells and a small on-site records facility. Staff said the port will pay about $143,000 for those relocation costs in addition to the land purchase price.
Nut graf: The proposed sale transfers a portion of county-owned landfill property to the Port of Longview for rail storage expansion; the county will receive proceeds that staff said must be used for landfill closure activities and will use part of the payment to relocate monitoring wells and records storage on the remaining landfill site.
Ending: Staff said the project has long been in negotiation and is approaching escrow and closing; public works will share more precise closure-fund balances and relocation details when available.
