PORT ANGELES — The Port of Port Angeles’ purchase-and-sale agreement with European developer Harry Dorssers for the Oak Street property is ready to be approved Monday.
The Port’s board of commissioners will consider the agreement, along with two resolutions regarding the 1.9-acre Oak Street property, at 1 p.m. Monday at the Port’s headquarters, 338 W. First St.
The Port’s agreement with Dorssers’ company, Monte Mare LLC, would sell the property for $800,000 and require Dorssers to put down $20,000 in nonrefundable earnest money and close the deal in six months.
Dorssers and the Port each will pay half of the escrow recording fees and other closing costs. Taxes, utility charges and assessments will be prorated as of the closing date.
Dorssers will have 90 days to determine if the property is suitable for his intended use, which is a mixed residential, retail and recreational development.
If he changes his mind within that time period, Dorssers will receive half of his earnest money back.
Dorssers has one year after obtaining title to apply for a building permit for the intended use or his money will be refunded and the property’s title will revert to the Port.