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Council approves Oak Street purchase for workforce housing and adopts supplemental budget adjustment
Summary
Council approved purchase of an Oak Street property for workforce housing (staff cited a $560,000 purchase plus environmental studies) and adopted Resolution 20 24.24 to transfer reserves and short-term loans to fund the acquisition; finance director said funds will be repaid as private stakeholders invest.
The Sutherlin City Council voted to approve the purchase of an Oak Street property intended for workforce housing and adopted a supplemental budget adjustment to fund the acquisition.
Christy Gillard, community development, told council the purchase is the next phase for a workforce-housing project and described steps already completed including appraisal and environmental reviews. Gillard said the purchase price presented to the council is $560,000 plus the cost of phase 1 and phase 2 environmental studies.
When asked, staff said the environmental study cost…
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