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Council adopts ordinance to market 1472 Bell Ave as an affordable home

City of Lakewood City Council · November 4, 2025
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Summary

Council adopted substitute Ordinance 28-20-25 authorizing marketing and sale of 1472 Bell Ave for rehabilitation as an income-restricted affordable housing unit; council suspended rules to adopt the ordinance immediately and required post-closing reporting within 45 days.

Council adopted substitute Ordinance 28-20-25 on Nov. 3 to authorize the planning director (or mayor) to contract with a licensed real estate broker to market the city-owned property at 1472 Bell Avenue for 180 days under codified ordinance section 15507.

Council members noted the property has been under consideration and that federal funds were used for rehabilitation; the ordinance includes income-related buyer restrictions to preserve the unit as affordable housing. Committee members recommended a post-closing notice to council within 45 days so the council can track sale outcomes and sale price. Because the ordinance had been through committee and previous readings, council voted to suspend rules and adopt the substitute version in the same meeting to expedite placement of a family into the rehabilitated unit.

Vote: a roll call recorded named councilmembers voting "Yes" (Vice President Baker, Council Member Evans, President Keppel, Council Member Marks, Council Member Hamilton Steiner, Council Member Striebig); the motion to adopt passed.

Next steps: planning and development will execute the broker agreement, market the property, and report back to council after closing.