|
Lakepointe Update: Sad News, Good News Sad News: City staff were saddened to learn about the passing of Gary Sergeant, one of the owners and the City's main point of contact for the Lakepointe property. Gary passed away at the end of December. Gary's vision for Lakepointe to develop into a beautiful urban village for all to enjoy was steadfast until the very end.
Good News: Last November, the King County Council approved a $7.5 million Conservation Futures grant to help the City acquire about 15 acres of the Lakepointe property for shoreline habitat restoration and public park land. The City does not yet have an agreement to purchase this property, but has been making progress. City staff have been in recent contact with the Sergeant's and will give the family time to grieve and settle affairs, and then the City will resume negotiations for the property in the near future.
When the time is right and when there is a due diligence agreement in place, the City will conduct proper due diligence on the property, including testing for contaminants, prior to agreeing to close on and purchase the property. Click here to read an article about Lakepointe written by Mayor Herbig last fall. Visit the Lakepointe webpage to learn more.
|