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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Mary DeLoretto, Chief Service Development Officer |
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PRESENTER(S): |
Paul Drake, Director of Real Estate and TOD |
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Spencer Burgoyne, Manager of Property Administration |
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Hal Johnson, Manager of Project Research and Development |
TITLE:
title
R2023-03-03 - Resolution Authorizing the Purchase of Real Property in Weber County, Utah from Tinslee Meadows, LLC (Parcel 130; Project MSP-140)
end
AGENDA ITEM TYPE:
Resolution
RECOMMENDATION:
Approve resolution R2023-03-03 authorizing the purchase of real property from Tinslee Meadows, LLC (Parcel 130; Project MSP-140) as presented.
BACKGROUND:
The Brigham City Transit Corridor Study was completed in 2007. The study examined options for a transit link between Ogden and Brigham. The report concluded that commuter rail was the best mode to connect the two communities. Just after the corridor study was completed, Box Elder County passed a sales tax to support the development of a commuter rail extension to Box Elder County. Additionally, the 2019-2050 Regional Transportation Plan (RTP) identifies the need to preserve the right of way for a future transit project between Ogden and Brigham City as a phase 1 project. For the past four years, UTA has been working to advance corridor preservation efforts in Box Elder and Weber Counties.
The RTP identifies a need for a future station at the Business Depot Ogden (BDO) with approximately 6,500 employees. There is also potential for significant growth in the area. UTA is partnering with Weber County, Wasatch Front Regional Council (WFRC), and Ogden City on the corridor preservation efforts, including acquiring a station site at BDO. A landowner with 23.7 acres adjacent to BDO has been identified. However, they are only willing to sell the property in its entirety, rather than portion off a parcel to meet UTA’s needs. There are some wetlands on the property, which were considered in the appraisal. The regional transportation plan includes a future overpass connecting BDO to Wall Avenue through the site via 400 North. This connection would provide additional access to the proposed site.
DISCUSSION:
UTA has evaluated alternative station sites for the BDO area. The proposed property is well situated to serve the BDO and Weber County Fair Grounds.
ALTERNATIVES:
UTA has attempted to purchase an alternative site but has not been able to come to a resolution with the property owner.
FISCAL IMPACT:
The land purchase cost is $1,661,237 (sales price of $1,656,200 plus $5,037 in closing costs). This amount is within the 2023-2027 Capital Plan. The sales price is based on an appraisal ordered by UTA which did account for the impact of existing wetlands.
ATTACHMENTS:
1. Resolution R2023-03-03
2. Purchase Contract (Exhibit to resolution)
3. Warranty Deed (Exhibit to resolution)
4. Property Map (Exhibit to resolution)
5. Wetlands Map