The Springfield Utility Board will hold a public hearing regarding a proposed sale of property to the City of Springfield. The public hearing will be held by the Board during its regular Meeting on Wednesday, March 11, 2020, at approximately 6:00 p.m. The public is invited to attend the meeting and the hearing.
The purpose of the public hearing is for SUB’s Board to hear testimony in regard to the proposed sale of properties owned by the Springfield Utility Board at 226, 228, 230, 236 and 240 Main Street, Springfield, Oregon, near the juncture of Main Street and Pioneer Parkway East to the City of Springfield. The sale would be part of the consideration of a proposed agreement with the City to allow SUB to purchase property at 245 A Street, presently a parking lot, owned by the City.
It is SUB’s understanding that the property sold to the City would assist the City and the City’s Urban Renewal District in its economic development effort for Downtown Springfield. The property would be sold to the City or the City’s designee.
The parking lot property currently owned by the City is directly adjacent to and East of existing property owned by SUB (SUB Annex). The report by SUB Staff which will be presented to the Board in support of the proposed property transaction, is that the acquisition of the parking lot would provide for a more efficient use of properties owned by SUB. The public hearing related to this public notice is limited to SUB sale of SUB property and the purpose and conditions of the sale to the City. During the public hearing, all interested persons may appear and give comment on the issue. Following the public hearing, the Board may decide whether the property is needed for continued public use or may be sold in accordance with the proposed agreement with the City.
Any public hearing related to the use or the sale of the property sold by the City would be a separate process conducted by the City.
The Springfield Utility Board received an updated market valuation indicating a real market value of approximately $840,000 for the properties owned by SUB, and SUB has received a market evaluation indicating the real market value of approximately $170,000 for the parking lot property to be acquired by SUB.
To receive copies of the proposed resolution by mail, or to obtain answers to questions about this proposal, please call Jeff Nelson at 541-744-3600.
The meeting and public hearing will take place in SUB’s Board Room, located in the Annex Building at 223 A Street, Springfield.