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Council approves sale of 2410 Reservoir Street to Valley Housing Trust for five income‑restricted rentals
Summary
Council approved staff recommendation to sell a roughly 0.5‑acre city parcel at 2410 Reservoir Street to Frank Gordon (Valley Housing Trust) to build five rental units restricted to 80% AMI for 30 years; the contract includes conditions tied to funding and land‑use approvals and provoked public comment urging denial and broader land‑use caution.
Liz Webb, housing coordinator, presented the first parcel disposition under the city's surplus real estate guidelines: 2410 Reservoir Street, just under half an acre, zoned R‑3 and assessed at $108,700. Webb said staff selected an application from Frank Gordon, trustee of Valley Housing Trust, offering $74,600 with a proposal to build five rental units restricted at 80% of area median income for 30 years and with contract conditions based on receipt of funding and required land‑use approvals.
"The application that staff selected was submitted by Frank Gordon, trustee of Valley Housing Trust, with an offer of $74,600," Webb said, noting staff recommended approval as consistent with the disposition guidelines. Council opened a public hearing. A caller who identified themself as Panayati Sinakuta urged denial, calling for protection of wooded lots, a pause until the zoning rewrite and more public input and questioned whether land should be transferred before comprehensive public input is complete.
Council members noted Mr. Gordon's prior work in affordable housing and the need for more housing options in the city; a motion to approve the disposition and adopt the resolution authorizing the sale carried on a roll‑call vote. The motion and adopting resolution instruct staff to finalize the contract with the stated conditions; financing and land‑use approvals remain prerequisites to construction and deed restrictions.
