Wednesday, January 7, 2015

City of Redmond signs Purchase and Sale Agreement for Keller Farm

A member from Water Tenders sent me a copy of a Purchase and Sale Agreement that was signed on August 5, 2014 between the City and the Kellers of Redmond.  "Closing shall be on or before 1/22/2015."  In the agreement the City agreed to buy 83.25 acres of the Keller Farm located between Avondale Rd NE and NE Union Hill Rd.  The Kellers will retain a 78,503 square foot parcel and house located at 18816 NE 84th Street.  The City agreed to pay the Kellers $2,520,000 for the Farm  ($30,000 per acre). 

The Keller Farm is a crucial piece of wetland-agricultural land important to the ecology of our Redmond area.  The farm will be used as a "wetland bank" for off-site mitigation of wetlands lost to development within Redmond.  As wetlands are destroyed by development in the City the developers must purchase rights to replace these wetlands on the Keller Farm so that there will be "no net loss" of wetlands owing to development.  Wetlands are an important natural resource for Redmond since they help to recharge and purify the City aquifer which is tapped for potable well-water. 

Reported by Bob Yoder

 

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