File #: ID 25-718    Version: 1 Name: Disposition of 2410 Reservoir Street
Type: PH-Action Item Status: Agenda Ready
File created: 8/19/2025 In control: City Council
On agenda: 8/26/2025 Final action:
Title: Consider approval of the disposition of real estate owned by the City of Harrisonburg at 2410 Reservoir Street to Frank Gordon, Trustee of the Valley Housing Trust, and update on surplus property disposition for residential development and adopt a resolution authorizing the sale of publicly owned real estate.
Attachments: 1. Memorandum, 2. Real Estate Purchase and Sale Agreement, 3. Resolution authorizing sale, 4. Property Listing, 5. Public Hearing Notice, 6. PowerPoint presentation

Subject:

Title

Consider approval of the disposition of real estate owned by the City of Harrisonburg at 2410 Reservoir Street to Frank Gordon, Trustee of the Valley Housing Trust, and update on surplus property disposition for residential development and adopt a resolution authorizing the sale of publicly owned real estate.

Body

Presented By:  Liz Webb, housing coordinator

Recommendation and Review

As directed by City Council, staff established a process for disposition of city-owned parcels deemed ‘surplus’ and considered potentially suitable for residential uses. Following an open application process for five listed sites, contracts are being drafted for consideration from Council. Frank Gordon, Trustee of the Valley Housing Trust, proposed to purchase 2410 Reservoir Street at a below-assessment price in exchange for the creation of five housing units with long-term income and rent restrictions. The sale is conditioned upon successful applications for land use approvals and public affordable housing funds from the state.