Springfield economic board directs city manager to pursue sale of Memorial Building at 765 A Street

Ally Camp, Springfield’s economic development manager, told the Economic Development Agency on Oct. 27 that an interested buyer, identified in the meeting packet as Eich Olsen, submitted a purchase-and-sale agreement for the Memorial Building at 765 A Street.

"This agenda item is to discuss next steps for a property at 765 A Street, also known as the Memorial Building," Camp said, noting the packet included a purchase-and-sale agreement, a vicinity map and a board briefing memorandum summarizing prior discussions. Camp said an addendum to the agreement indicates the facility’s use by the Springfield Drifters Baseball Club and Drifters Academy is consistent with the downtown urban renewal plan and the city’s property disposition policies.

After brief discussion, a board member moved "to direct the city manager to exercise the purchase and sale agreement for the sale of 1 partial of land in Springfield's downtown, 765 A Street, map and tax Lot 17-03-35-42-04600 with adjustments to terms as discussed." The motion was seconded and the board voted unanimously to approve the direction to the city manager.

The action directs city staff to proceed with steps to finalize the transaction under the terms presented and as adjusted during the meeting; the board did not specify a public closing date or enumerate financial terms in the public record. The meeting packet and the purchase-and-sale agreement were cited as the controlling documents for the board’s decision.

The board had earlier approved the consent calendar and opened the meeting’s public-comment opportunity; no members of the public submitted requests to speak. The chair adjourned the meeting immediately after the Memorial Building action was approved.