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ERRET ST l'ON <br />, <br />° <br />n <br />° <br />- <br />4 <br />14 7TH AVE NW <br />� <br />k49 <br />_ <br />_ <br />_ <br />w`� <br />` <br />� <br />-N <br />* <br />° <br />PROPERTY DETAILS: 8O2O147THAVE NW, 1.43acres <br />* Recently purchased by the City for S800,000. <br />* Reason for purchase: Armstrong interchange project <br />* EDApaid $6UU,0UU. <br />* Reason for EDA involvement: Armstrong interchange seen as a major economic development driver. EDAfe|t <br />this property in comparison to the properties to the South (which were also acquired bythe City) would retain <br />the most economic value (only a small portion of this property will be used for right of way). <br />* Existing buildings are outdated metal structures use mainly for storage (cold storage). <br />* Staff suggests the City move forward with attaining bids for demolition ofthe two existing buildings. <br />* Reason for demolition: position property for future sale and reduce maintenance/|iabi|itycosts. <br />