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City to pursue sale of Willow–Payette lots to Home 2009 LLC; council reviews terms
Summary
Council reviewed Ordinance No. 542025 proposing sale of two city lots at Willow and Payette to Home 2009 LLC for $190,000 for a 9,750-square-foot furniture and interior design facility; proposed construction timelines and a clawback clause were explained.
Director Hall presented Ordinance No. 542025 proposing the sale of two city-owned lots at the corner of Willow and Payette to Home 2009 LLC for $190,000. The parcel totals a little over 1.2 acres, and the prospective developer plans a 9,750-square-foot furniture and interior design facility. Construction was described with target start and completion dates of July 31, 2026, and July 31, 2028, respectively.
Hall said the proposed sale includes a clawback provision allowing the city to repurchase the property if construction deadlines are not met. Council members expressed general support and asked that formal documentation be returned to the council when ready. No formal vote occurred at this meeting; the matter will be brought back for formal action when paperwork is completed.
