Council says “Yes” to repurchasing undeveloped portion of Burien Town Square
By Gwen Davis
Burien city council members were “dismayed” when Jim Atkins, manager of the developing company Urban Partners, read a letter at the June 4th Burien City Council meeting accusing the council of “refusing to cooperate” with his company.
The issue at hand was Resolution 344 – which unanimously passed that evening – that considered whether the city should repurchase three undeveloped Burien Town Square parcels.
As the City of Burien’s website explains:
“In 2002, the City purchased the Town Square property at fair market value of $4,050,000 and invested significant public resources in constructing and maintaining transportation and park facilities in the Town Square. Following a Request of Qualifications process, the City sold the Town Square property consisting of Parcels I, IV, V, and VI to Urban Ventures Burien, LLC ("Owner/Developer"), at fair market value of $4,666,016 pursuant to a Disposition and Development Agreement dated June 29, 2005.”