Bothell council was scheduled to consider extending Lot P South sale negotiations with church

What the records say

The Oct. 8, 2024 City Council agenda included item AB #24-160, 'PSA Deadline Extension,' asking the council to adopt a resolution amending Resolution 1514 to extend the period of negotiation of a Purchase and Sale Agreement with Bothell United Methodist Church (BUMC) for the sale of Lot P South ¹. According to the agenda bill, the letter of intent was fully executed July 19, 2024, setting a 90-day negotiation window that would expire Oct. 17; no mutually agreed proposal had yet been reached. The proposed extension adds 50 days, for a total of 140 days from LOI execution, with the stated intent of presenting a final agreement to the council at its Dec. 3, 2024 meeting; if no tentative agreement is reached by then, staff would return with an update and recommended next steps ¹. The attached letter of intent, dated July 18, 2024, describes a proposed transfer of the 1.67-acre parcel at the southwest corner of NE 185th Street and 98th Avenue at no monetary cost to the purchaser, with BUMC intending to collaborate with BRIDGE Housing on a concept of roughly 200 units of affordable housing plus community space, a 180-day inspection period, and a city right of reversion if construction of the multifamily project has not commenced within 180 days after closing ¹. The agenda bill states there is no fiscal impact from the extension ¹. These records are pre-meeting materials; they do not establish whether the council adopted the resolution or what the meeting's outcome was.

• Agenda item AB #24-160 asked the council to adopt a resolution amending Resolution 1514, extending the Purchase and Sale Agreement negotiation period with BUMC for Lot P South by an additional 50 days, for a total of 140 days from LOI execution ¹.
• The original 90-day negotiation window began when the letter of intent was fully executed on July 19, 2024, and was set to expire Oct. 17, 2024; no mutually agreed proposal had yet been reached to present to council ¹.
• The stated intent was to present a final agreement to the City Council at its Dec. 3, 2024 meeting; if no tentative agreement is reached by then, staff would return with an update and recommended next steps ¹.
• The attached letter of intent proposes transfer of the 1.67-acre parcel at no monetary cost, with a concept of approximately 200 units of affordable housing developed with BRIDGE Housing, a 180-day inspection period, and a city right of reversion if construction has not commenced within 180 days after closing ¹.
• The agenda bill states the extension has no fiscal impact ¹.
• The supplied records are pre-meeting materials and do not establish the meeting's outcome.

Why it matters

Lot P South is city-owned downtown land, and the proposed transaction would transfer it at no monetary cost for an affordable housing project. The extension under consideration would keep the negotiation window open past Oct. 17, with a target of bringing a final agreement back to the council on Dec. 3, 2024 — meaning the terms and future of the site remained undecided at the time of the meeting ¹.

What changed / what's next

• The proposed resolution would amend Resolution 1514 to extend the PSA negotiation period by 50 days (90 to 140 days from LOI execution), with a Dec. 3, 2024 target for presenting a final agreement to council ¹.
• Whether the council adopted the extension on Oct. 8, 2024 is not established by the supplied records, and whether a final agreement comes back to the council on Dec. 3, 2024 as planned ¹.
• The available records do not establish the meeting's outcome.