*Authorize the acquisition of 0.5 acres of real property at 1949 SE 122nd, adjacent to Mill Park, for $950,000 to be used for park purposes

The City of Portland ordains: Section 1. The Council finds: Mill Park is a 5.7 acre undeveloped park in a diverse, park-deficient neighborhood of East Portland. Redevelopment of Mill Park into a fully developed park is underway, consistent with the 2017 Mill and Midland Parks Combined Master Plan. In accordance with the terms and conditions of a Purchase and Sale Agreement dated April 15, 2021, authorized by Ordinance 180626, Portland Parks & Recreation (Parks) wishes to purchase a .5-acre property located at 1949 SE 122nd, also identified as R145761, (Property) to add to Mill Park. Acquisition of this Property will provide needed pedestrian/vehicular access, visibility and site lines, and parking at Mill Park, which will also result in a safer park. The purchase price of the Property is $950,000, which will be paid for with Parks’ System Development Charge funds that have already been approved for this purpose. In addition to the purchase price, all acquisition and stabilization costs, will be paid for with Parks SDC funds. Operations & Maintenance funds for this Property will be included in a future O&M request for the new Mill Park. NOW, THEREFORE, the Council directs: a. The Director of Parks is authorized to execute all closing documents and take all other actions necessary to close the transaction in accordance with the Agreement and any amendments thereto. All documents will be approved as to form by the City Attorney prior to execution; b. The Director of Parks is directed to deposit from Park SDC funds the purchase price and closing costs into an escrow account established for the purpose of the acquisition of the Property; c. The Director of Parks is directed to place the Property in the Parks’ inventory, upon closing. Section 2. The Council declares that an emergency exists in order to avoid further delay in the acquisition of the Property; therefore, this Ordinance shall be in force and effect from and after its passage by Council.