AED Investments planned to build property catering to the senior population, but the group said it was “unable to match a facility operator with development capital.” Negotiations were extended in March through Monday before AED Investments withdrew.
As a result, the Sparks Redevelopment Agency directed city staff to find a prospective buyer. City Planner Armando Ornelas said Monday that the City has received four inquiries about the property, and the adjacent 9.6-acre property, with interest of purchasing and building on the land.
Agency members directed city staff to open the door for potential buyers, which will close in November, according to Ornelas. ‘For Sale’ signs will be going up on the property to generate interest in the property which was purchased by the City Council in an attempt to flip it for profit.
“I don’t know who was all on the Council when we bought this, but we bought it because we got a good deal and we were going to try to make money off of it,” Agency board member Mike Carrigan said Monday. “The bottom fell out of the economy and then we were stuck with it.”
Carrigan and the other board members agreed that the process needed to be expedited, but the unanimous approval was for the sale to have an end date rather go at auction. The City will begin advertising the property immediately.
The Sparks City Council, which convened prior to the Redevelopment Agency, approved the City’s participation in the Shared Federal Framework (SFF), which is designed to articulate the federal regulatory, policy and funding needs and priorities of northern Nevada.
Citing “an era of unprecedented economic and political change,” the SFF includes development of a report that compiles the federal priorities of participating entities as well as the scheduling of meetings with key members of Congress in Washington D.C. during the week of October 28.
Former Nevada Congressman Jon Porter joined Regional Transportation Commission Executive Director Lee Gibson at Monday’s council meeting to stress the importance of the City of Sparks joining the efforts of the SFF.
“We can no longer do business as usual,” Porter told the Council.
Porter said he would help facilitate the agenda of the entities participating in the SFF and ensure “people know who we are in northern Nevada.” Sparks Mayor Geno Martini said he was glad to see someone looking to help out the smaller local governments because often times they do not have a big voice in Washington.
Participation in the SFF is voluntary and has no cost unless participating entities desire to do so. The initial objectives of the SFF were focused on economic development and infrastructure investments that support short- and long-term job growth and regional sustainability.
At the conclusion of its general business the Sparks City Council approved the yearly evaluation of City Manager Shaun Carey and voted unanimously to extend his contract through July of 2015. Carey scored ‘exceeds expectations’ or ‘meets expectations’ in nearly all categories evaluated by the five City Council members. All four City Council members, excluding Ron Schmitt who was absent, and Mayor Martini voiced their approval Monday of Carey’s work during the past two years.
Carey thanked the Council and the “dynamic department heads” he has worked with who have helped him manage the City’s budget and services. He said he “takes pride in being a City of Sparks employee first,” a trait he finds common among his co-workers.