In January 2005, the Port acquired all 137-acres of Georgia-Pacific's waterfront property and partnered with the City to clean up and redevelop this industrial property to support a variety of uses including public parks and promenades, homes, businesses, and light industry.
The purchase and sale agreement is provided here in its proposed final form. All final documents and exhibits are available for viewing at the Port's main office building at 1801 Roeder Avenue.
Purchase and Sale Agreement
Tissue Mill Reservation
Warehouse Lease
Demolition Plan
Insurance Resolution
ASB Deed
Mill Property Deed
January 2005 Resolution Documents
Budget
Purchase
Comprehensive Scheme
Insurance
Port/City Partnership Agreements
The Port and City formed a unique and unprecedented partnership to achieve the community's exciting vision for the waterfront. The Port committed to undertake most of the property's cleanup, to build all marine infrastructure and to provide the City at no cost with the land for parks, public space and rights of way. The City committed to construct necessary public infrastructure on the site and create a regulatory framework that attracts private investment. Additionally, the Port and City formed a number of agreements about the roles and responsibilites for each government agency during the master planning process.
Environmental Insurance Policy
Before purchasing the Georgia Pacific property, the Port required Georgia-Pacific to purchase an environmental insurance policy to protect the Port against any unexpected cleanup costs. The environmental cost cap and environmental liability insurance policy is provided here in its final form.
Environmental Insurance Policy
