City of Alexandria, Virginia
_____________
MEMORANDUM
DATE: JUNE 21, 2022
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
THROUGH: JAMES F. PARAJON, CITY MANAGER /s/
FROM: JEREMY MCPIKE, DIRECTOR, GENERAL SERVICES
DOCKET TITLE:
TITLE
Consideration of Disposition and Future Use of a Portion of City-Owned Real Estate Located at 2 King Street.
BODY
ISSUE: Consideration of disposition and future use of 1,825 square feet of City-owned real estate located at 2 King Street.
RECOMMENDATION: That City Council:
(1) Declare a portion of City-owned property located at 2 King Street surplus property and authorize the City Manager to seek proposals as described in the City Real Estate Disposition Policy; and
(2) Authorize the City Manager to issue a Request for Proposals (RFP) for the disposition, sale, and redevelopment of a portion of City-owned property at 2 King Street for no less than ninety (90) days following the process detailed in the City Real Estate Disposition Policy.
BACKGROUND: On June 14, 2019, the City received an unsolicited offer from Route 66 Ventures ("Route 66") to purchase 1,825 square feet of City-owned property located at 2 King Street between King Street and Wales Alley at the rear of the Fitzgerald Warehouse complex located at 100 to 104 S. Union Street.
This 1,825 square foot parcel is part of 2 King Street that was acquired by the City in the property transfer agreement with the Old Dominion Boat Club (ODBC) in 2014. This agreement provided for the relocation of the ODBC clubhouse and parking lot from its former location at the foot of lower King Street to its current location on Strand Street providing space for the new Waterfront Park as part of the City's Waterfront Plan. To establish the value of the City-owned property, the City retained the services of an independent appraiser.
The City-owned property, which spans the width of the Fitzgerald Warehouse between King Street and Wales Alley and extends from the rear o...
Click here for full text