Notice of Public Hearing for Sale of Property Located at 205 E Main Street

UPDATED 2/15/23: The public hearing for the sale of property at 205 E. Main St. is canceled and will be rescheduled sometime in March.

Public Notice

Notice of Public Hearing for Sale of Property

Located at 205 E. Main Street

City of Lowell, Oregon

The City Council of the City of Lowell will hold a public hearing to take comments on the sale of property located at 205 E. Main St., Lowell, OR 97452 and consisting of the following map and tax lots: 1901142402100; 1901142407200; 1901142402201. The public hearing will take place at 7:00 PM on February 21, 2023 at the Lowell Fire Department, 389 N. Pioneer St., Lowell, OR 97452.

The reason for the sale is that the city purchased this property with the intention of reselling it for commercial development. The property is currently vacant, the city has no use for it, and the sale will allow private development of the site. On November 2, 2021, City Council held its first public hearing on the sale of the property and authorized the sale to Lowell Investment Properties, LLC. On March 15, 2022, the City Council approved a purchase and sale agreement with Lowell Investment Properties, LLC, which was signed on March 28, 2022.

The city and Lowell Investment Properties, LLC wish to renegotiate the terms of the purchase and sale agreement. The renegotiated terms include: removing the city’s option to repurchase the property after five years and agreeing to waive system development charges as consideration for the buyer accepting post-closing environmental risk. All other terms, including the sale price of $375,000, remain the same as originally agreed. At the February 21, 2023 public hearing, City Council will accept public comments on the renegotiated terms of the purchase and sale agreement. After the public hearing, the City Council may vote to approve an amendment to the purchase and sale agreement with the new terms.

Any written comments concerning the proposed sale received by the city prior to the public hearing will be provided to the City Council. An interested party may provide spoken or written comments at the public hearing. Members of the public may participate in person or electronically through Zoom meeting by personal computer, tablet, or telephone. For instructions on how to join electronically, go to the following Web address and select the meeting in question: https://www.ci.lowell.or.us/calendar.

Questions concerning the sale of the property may be directed to City Administrator Jeremy Caudle by calling (541) 937-2157 or by email at admin@ci.lowell.or.us.