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City staff recommends negotiating sale of historic 30220 2nd Street site to developer for an 8‑story mixed‑use project
Summary
Deputy director Emily Archer presented a negotiated sale proposal for 30220 2nd Street (the old library) that would enable an 8‑story, ~131‑unit development with a 4‑story parking deck; the developer would be responsible for building remediation/demolition and must show financing and obtain site plan approval before demolition is allowed.
Deputy director of economic development Emily Archer briefed council on a negotiated proposal for 30220 2nd Street, the city‑owned former library building on Pacific Avenue. The developer identified in the proposal is 20 First Street Properties LLC, represented by Tony Schmidt. Archer said the building sits on a 0.17‑acre parcel and that a development proposal submitted in response to an RFP calls for an eight‑story, approximately 131‑unit mixed‑use building with ground‑floor restaurant/retail and a four‑story parking deck, with an estimated capital investment of about $96–100 million.
Archer told council the site contains an architecturally significant brick exterior listed in the city's 1992 architectural survey and that staff explored preserving the facade, but the developer said preservation would be infeasible because construction proximity would likely damage the old structure and make the proposed parking deck nonfunctional. The developer agreed to install a plaque describing the building's historic significance on the new development.
Proposed sale terms reported by staff include: the city would be responsible for any required underground soil remediation; the developer would be responsible for building remediation (including asbestos abatement) and demolition costs; the developer must obtain site‑plan approval and evidence of reasonable financing before closing; demolition may not occur until construction permits are in hand and construction must begin within 12 months after closing. Archer said staff could bring this item for a public hearing next week and then seek a supermajority vote to authorize sale documents and execute closing steps.
Council discussion favored acquiring right‑of‑way to add a dedicated left‑turn lane on Pacific Avenue and acknowledged the potential traffic benefits at a major resort entrance; some councilmembers asked staff to ensure the city’s due diligence on remediation costs and financing before advancing. Staff offered to provide additional detail on soil remediation, parking impacts, and preservation alternatives as requested.
Next steps: staff indicated a public hearing could be scheduled the following week and the sale would require council approval in a subsequent supermajority vote; no final council vote was taken on June 24.
