At the October 21 City Council meeting, the Council approved the purchase of Units 1 and 3 at the Goldie Street Business Park. This strategic acquisition will support public safety operations and the Skagit County Interlocal Drug Enforcement Unit Task Force.
Purchase Details
Unit 1 List Price: $2,990,000
Unit 3 List Price: $287,500
Total List Price: $3,277,500
Proposed Purchase Price: $2,750,000
Price Per Square Foot: $211
Comparable Facility Price Per Sq Ft: $667
Previous Purchase Contingencies
State of Washington funding agreement
Skagit County Drug Task Force funding agreement
Note: The proposed motion includes waiving the above contingencies to proceed with the purchase.
Funding Sources
State of Washington Funding $242,500
Opioid Settlements Funding $407,500
Accreditation Grant $43,500
2025 Police Payroll Savings $300,000
Excess Stabilization Reserve $984,850
Unencumbered Fund Balance $807,050
Total Revenue Sources $2,785,400
Frequently Asked Questions (FAQs)
Why is the City purchasing this property?
To support operational space needs for the Oak Harbor Police Department and the Skagit County Interlocal Drug Enforcement Task Force.
Is the City getting a good deal?
Yes. At $211 per square foot compared to comparable properties priced at $667 per square foot.
Where is the funding coming from?
From a combination of state grants, opioid settlement funds, reserves, and police payroll savings. No new taxes or bonds are proposed for this purchase.
What happens next?
The City Council will vote on this motion during the October 21 meeting. If approved, the purchase will move forward without the previous contingencies.